OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 79,559 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.13, for a total transaction of $726,373.67. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. The trade was a 29.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

OppFi Price Performance

OPFI opened at $9.16 on Wednesday. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The stock has a market capitalization of $789.29 million, a PE ratio of 57.22 and a beta of 1.63. The firm’s fifty day moving average price is $11.60 and its 200 day moving average price is $7.97.

OppFi (NYSE:OPFI) last issued its quarterly earnings results 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 analysts’ expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

OPFI has been the topic of several 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. Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th.

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.