Segall Bryant & Hamill LLC Takes Position in OppFi Inc. (NYSE:OPFI)

Segall Bryant & Hamill LLC purchased a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 519,402 shares of the company's stock, valued at approximately $2,457,000. Segall Bryant & Hamill LLC owned approximately 0.60% of OppFi as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after purchasing an additional 5,218 shares in the last quarter. LB Partners LLC raised its holdings in OppFi by 1.3% during the second quarter. LB Partners LLC now owns 920,970 shares of the company's stock worth $3,122,000 after purchasing an additional 11,948 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company's stock valued at $124,000 after buying an additional 20,048 shares during the period. Acadian Asset Management LLC acquired a new position in shares of OppFi during the 1st quarter worth $51,000. Finally, Brendel Financial Advisors LLC acquired a new position in OppFi during the third quarter worth about $105,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Price Performance

NYSE OPFI traded up $0.39 on Friday, reaching $7.61. The company had a trading volume of 471,088 shares, compared to its average volume of 479,637. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $7.61. The firm has a market capitalization of $656.06 million, a PE ratio of 47.57 and a beta of 1.20. The firm has a 50-day moving average of $5.28 and a 200-day moving average of $4.25.

Wall Street Analyst Weigh In

Separately, Northland Securities increased their price target on shares of OppFi from $6.00 to $8.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.

Insider Activity at OppFi

In other news, Director David Vennettilli sold 100,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares of the company's stock, valued at approximately $927,671.25. This represents a 41.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jocelyn Moore sold 23,149 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the sale, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 84.00% of the company's stock.

About OppFi

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.