OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 122,531 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 122,531 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $11.81, for a total transaction of $1,447,091.11. Following the transaction, the director now directly owns 199,644 shares in the company, valued at approximately $2,357,795.64. This represents a 38.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Trading Up 2.3%

OPFI opened at $12.88 on Friday. The company has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $10.45. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -34.80 and a beta of 1.73. OppFi Inc. has a twelve month low of $3.09 and a twelve month high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. On average, analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citizens Jmp raised shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Stephens started coverage on shares of OppFi in a research note on Thursday, June 12th. They issued an “equal weight” rating and a $14.50 target price on the stock. JMP Securities raised shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Finally, Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th.

Hedge Funds Weigh In On OppFi

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock valued at $6,328,000 after acquiring an additional 284,900 shares during the period. Marshall Wace LLP boosted its stake in OppFi by 249.2% in the fourth 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 during the period. Two Sigma Investments LP boosted its stake in OppFi by 19.8% in the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after acquiring an additional 73,905 shares during the period. Two Sigma Advisers LP boosted its position in shares of OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock worth $3,287,000 after buying an additional 93,700 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company’s stock worth $3,160,000 after buying an additional 11,239 shares during the period. 7.10% of the stock is currently owned by institutional investors and hedge funds.

OppFi Company Profile

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.