Trexquant Investment LP acquired a new stake in OppFi Inc. (NYSE:OPFI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 118,015 shares of the company's stock, valued at approximately $904,000. Trexquant Investment LP owned approximately 0.14% of OppFi at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of OPFI. Quadrature Capital Ltd purchased a new position in shares of OppFi in the 3rd quarter valued at about $60,000. Jane Street Group LLC increased its position in shares of OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after purchasing an additional 5,795 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of OppFi during the 3rd quarter worth $136,000. JPMorgan Chase & Co. boosted its holdings in OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after purchasing an additional 26,742 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of OppFi in the 4th quarter valued at $195,000. 7.10% of the stock is owned by institutional investors and hedge funds.
OppFi Stock Performance
OppFi stock traded down $0.14 during mid-day trading on Wednesday, reaching $8.35. 70,042 shares of the company were exchanged, compared to its average volume of 772,232. The firm has a market cap of $721.31 million, a PE ratio of 52.18 and a beta of 1.61. The firm's 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $8.64. OppFi Inc. has a twelve month low of $2.56 and a twelve month high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.
OppFi Announces Dividend
The company also recently declared a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.
Insiders Place Their Bets
In other news, insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $7.54, for a total value of $78,242.58. Following the completion of the transaction, the insider now owns 227,421 shares of the company's stock, valued at $1,714,754.34. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 49,799 shares of OppFi stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $8.39, for a total transaction of $417,813.61. Following the completion of the sale, the director now directly owns 186,737 shares of the company's stock, valued at $1,566,723.43. The trade was a 21.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 829,890 shares of company stock worth $7,802,185. Insiders own 84.00% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Northland Securities set a $13.00 price objective on shares of OppFi in a research note on Thursday, March 6th. Citizens Jmp downgraded OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th.
Read Our Latest Stock Analysis on OppFi
About OppFi
(
Free Report)
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.
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