Harvest Fund Management Co. Ltd Invests $231,000 in OppFi Inc. (NYSE:OPFI)

Harvest Fund Management Co. Ltd bought a new position in OppFi Inc. (NYSE:OPFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,189 shares of the company’s stock, valued at approximately $231,000.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in shares of OppFi in the third quarter worth about $60,000. Baader Bank Aktiengesellschaft purchased a new position in shares of OppFi in the fourth quarter worth about $195,000. Jane Street Group LLC increased its stake in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of OppFi in the third quarter worth about $136,000. Finally, Raymond James Financial Inc. purchased a new position in shares of OppFi in the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Theodore G. Schwartz sold 105,606 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total value of $1,010,649.42. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at approximately $1,787,073.09. The trade was a 36.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Vennettilli sold 43,238 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the completion of the sale, the director now owns 90,762 shares of the company’s stock, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,927 shares of company stock valued at $3,153,476 in the last quarter. Corporate insiders own 84.00% of the company’s stock.

OppFi Trading Down 1.4 %

Shares of NYSE:OPFI opened at $9.78 on Friday. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $17.73. The stock has a market cap of $842.74 million, a P/E ratio of 61.10 and a beta of 1.63. The company has a 50 day moving average of $11.68 and a 200 day moving average of $8.05.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 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 business had revenue of $135.72 million during the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter in the previous year, the company earned $0.10 EPS. On average, equities analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

OppFi 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.