OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 124,788 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 124,788 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the transaction, the director now owns 186,737 shares in the company, valued at $1,738,521.47. The trade was a 40.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

OppFi Stock Up 2.0 %

Shares of OPFI stock opened at $9.51 on Friday. The business has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $8.23. The stock has a market cap of $821.28 million, a PE ratio of 59.41 and a beta of 1.63. 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 the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the prior year, the firm posted $0.10 EPS. Sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On OppFi

A number of institutional investors have recently modified their holdings of OPFI. Renaissance Technologies LLC raised its holdings in OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after purchasing an additional 284,900 shares during the period. Marshall Wace LLP raised its position in OppFi by 249.2% during the fourth 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 period. Two Sigma Investments LP raised its position in OppFi by 19.8% during the fourth 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 during the period. Two Sigma Advisers LP lifted its holdings in OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 purchasing an additional 11,239 shares in the last quarter. 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.