OppFi Inc. (OPFI) to Issue Special Dividend of $0.25 on April 18th

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Investors of record on Tuesday, April 8th will be given a dividend of 0.25 per share on Friday, April 18th. The ex-dividend date of this dividend is Tuesday, April 8th.

OppFi Price Performance

OPFI stock opened at $8.30 on Friday. OppFi has a 1 year low of $2.40 and a 1 year high of $17.73. The firm has a market capitalization of $716.73 million, a P/E ratio of 51.85 and a beta of 1.61. The business’s 50-day moving average is $11.32 and its two-hundred day moving average is $8.43.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts expect that OppFi will post 0.86 EPS for the current year.

Insider Activity

In related news, Director David Vennettilli sold 30,762 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the sale, the director now directly owns 90,762 shares of the company’s stock, valued at $825,026.58. This represents a 25.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore G. Schwartz sold 79,762 shares of OppFi stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. This trade represents a 29.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 687,653 shares of company stock worth $6,626,927. Corporate insiders own 84.00% of the company’s stock.

Analyst Ratings Changes

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

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.