Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells $1,010,649.42 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 105,606 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OppFi Trading Down 1.4 %

Shares of OPFI opened at $9.78 on Friday. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $17.73. The firm’s fifty day simple moving average is $11.68 and its 200-day simple moving average is $8.05. The firm has a market capitalization of $842.74 million, a price-to-earnings ratio of 61.10 and a beta of 1.63.

OppFi (NYSE:OPFI) last announced 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same period last year, the business earned $0.10 EPS. On average, analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OPFI. Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Finally, Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after acquiring an additional 26,742 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of OppFi in the third quarter valued at about $2,457,000. Barclays PLC boosted its holdings in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after acquiring an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of OppFi in the fourth quarter valued at about $195,000. Finally, Geode Capital Management LLC boosted its holdings in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.