Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 111,157 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 111,157 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $8.84, for a total value of $982,627.88. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at $1,650,755.08. The trade was a 37.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

OppFi Stock Down 0.9 %

Shares of NYSE OPFI opened at $9.29 on Monday. The firm has a market cap of $802.70 million, a P/E ratio of 58.07 and a beta of 1.61. The company has a 50 day moving average of $9.36 and a 200 day moving average of $8.88. OppFi Inc. has a twelve month low of $2.61 and a twelve month high of $17.73.

OppFi (NYSE:OPFI) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the business earned $0.10 EPS. As a group, equities analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

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

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several research firms recently issued reports on OPFI. Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price target on OppFi in a research report on Thursday, March 6th. Finally, JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th.

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.