Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 58,764 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the firm’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 transaction, the director now directly owns 186,737 shares in the company, valued at $1,792,675.20. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

OppFi Stock Down 1.7 %

Shares of NYSE:OPFI opened at $10.74 on Wednesday. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The firm’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $8.17. The company has a market cap of $927.99 million, a price-to-earnings ratio of 67.13 and a beta of 1.63.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same quarter last year, the firm earned $0.10 earnings per share. On average, research analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.25 per share.

Analyst Ratings Changes

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

Institutional Investors Weigh In On OppFi

A number of hedge funds and other institutional investors have recently bought and sold shares of OPFI. Mackenzie Financial Corp acquired a new position in shares of OppFi during the 4th quarter worth $131,000. Wolverine Trading LLC acquired a new position in OppFi during the fourth quarter worth about $630,000. Squarepoint Ops LLC purchased a new position in OppFi in the fourth quarter valued at about $218,000. Two Sigma Advisers LP lifted its position in shares of 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 acquiring an additional 93,700 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock worth $3,426,000 after acquiring an additional 73,905 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.