OppFi Inc. (NYSE:OPFI) Director Sells $1,747,540.92 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of OppFi stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the sale, the director now directly owns 186,737 shares of the company’s stock, valued at $1,975,677.46. The trade was a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

OppFi Stock Up 2.0 %

OPFI stock opened at $9.51 on Friday. The company has a market cap of $821.28 million, a price-to-earnings ratio of 59.41 and a beta of 1.63. The business has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $8.23. OppFi Inc. has a 52 week low of $2.38 and a 52 week high of $17.73.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period last year, the business posted $0.10 EPS. As a group, analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OPFI shares. JMP Securities cut 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 report on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th.

Institutional Investors Weigh In On OppFi

Several large investors have recently made changes to their positions in OPFI. Quadrature Capital Ltd purchased a new stake in OppFi during the 3rd quarter worth $60,000. Ancora Advisors LLC acquired a new position in shares of OppFi during the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OppFi by 8.7% in the fourth 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 during the period. Mariner LLC acquired a new stake in shares of OppFi in the fourth quarter valued at about $93,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of OppFi during the 4th quarter valued at about $98,000. 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.