Theodore G. Schwartz Sells 185,086 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 185,086 shares of OppFi stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $11.59, for a total transaction of $2,145,146.74. Following the completion of the transaction, the director now owns 186,737 shares of the company’s stock, valued at $2,164,281.83. This trade represents a 49.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

OppFi Stock Performance

Shares of OppFi stock opened at $11.81 on Friday. The firm has a fifty day moving average of $9.52 and a two-hundred day moving average of $9.44. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 73.79 and a beta of 1.61. OppFi Inc. has a 52 week low of $2.92 and a 52 week high of $17.73.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The company had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. As a group, research analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

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

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in OppFi by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock worth $140,000 after purchasing an additional 831 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after buying an additional 866 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in OppFi by 65.5% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company’s stock worth $30,000 after buying an additional 1,277 shares in the last quarter. Wolverine Asset Management LLC lifted its position in OppFi by 13.7% during the 1st quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company’s stock worth $142,000 after buying an additional 1,845 shares in the last quarter. Finally, Barclays PLC lifted its position in OppFi by 5.6% during the 4th quarter. Barclays PLC now owns 44,521 shares of the company’s stock worth $341,000 after buying an additional 2,380 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th. Citizens Jmp raised shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target for the company in a report on Thursday, May 8th. Finally, JMP Securities raised shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target for the company in a report on Thursday, May 8th.

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.