OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 79,762 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,762 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.13, for a total transaction of $728,227.06. Following the sale, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. The trade was a 29.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OppFi Stock Performance

OPFI opened at $9.16 on Wednesday. The stock has a market capitalization of $789.29 million, a price-to-earnings ratio of 57.22 and a beta of 1.63. The company has a fifty day moving average of $11.60 and a 200 day moving average of $7.97. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (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 analysts’ expectations of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OPFI has been the subject of a number of recent research reports. JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On OppFi

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in shares of OppFi in the 3rd quarter worth about $60,000. Ancora Advisors LLC bought a new stake in OppFi during the fourth quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after purchasing an additional 866 shares during the period. Mariner LLC bought a new position in shares of OppFi during the 4th quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC purchased a new stake in OppFi during the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.