OppFi (NYSE:OPFI) Trading Down 4.4% – Here’s What Happened

Shares of OppFi Inc. (NYSE:OPFI) fell 4.4% during mid-day trading on Monday . The stock traded as low as $7.71 and last traded at $7.80. 315,465 shares were traded during mid-day trading, an increase of 6% from the average session volume of 297,734 shares. The stock had previously closed at $8.16.

Analyst Upgrades and Downgrades

Separately, Northland Securities lifted their price objective on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

OppFi Trading Down 0.3 %

The company has a market capitalization of $662.09 million, a price-to-earnings ratio of 48.00 and a beta of 1.45. The company has a fifty day moving average of $5.84 and a 200-day moving average of $4.55.

Insider Transactions at OppFi

In related news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now owns 143,825 shares in the company, valued at $927,671.25. This represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in OppFi in the third quarter valued at approximately $60,000. Brendel Financial Advisors LLC acquired a new position in OppFi in the third quarter valued at approximately $105,000. Jane Street Group LLC lifted its holdings in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares during the last quarter. XTX Topco Ltd acquired a new position in OppFi in the third quarter valued at approximately $136,000. Finally, Bank of New York Mellon Corp lifted its holdings in OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after acquiring an additional 20,048 shares during 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.