Theodore G. Schwartz Sells 58,764 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 58,764 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $9.60, for a total transaction of $564,134.40. Following the completion of the transaction, the director now directly owns 186,737 shares of the company's stock, valued at approximately $1,792,675.20. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

OppFi Price Performance

Shares of OPFI stock traded up $0.19 on Friday, hitting $9.51. 876,115 shares of the company's stock were exchanged, compared to its average volume of 749,592. The company has a 50 day moving average of $11.63 and a 200 day moving average of $8.19. OppFi Inc. has a 12 month low of $2.38 and a 12 month high of $17.73. The stock has a market cap of $821.28 million, a P/E ratio of 59.41 and a beta of 1.63.

OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period last year, the company earned $0.10 EPS. Sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

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OppFi Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Analyst Ratings Changes

A number of research firms recently weighed in on OPFI. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Citizens Jmp lowered shares of OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its position in shares of OppFi by 52.6% during the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after acquiring an additional 284,900 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock valued at $4,729,000 after acquiring an additional 440,582 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of OppFi by 19.8% in the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock worth $3,426,000 after buying an additional 73,905 shares during the last quarter. Two Sigma Advisers LP raised its position in OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock valued at $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of OppFi by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock worth $3,160,000 after purchasing an additional 11,239 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.