Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells $564,134.40 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $9.60, for a total value of $564,134.40. Following the transaction, the director now owns 186,737 shares of the company’s stock, valued at $1,792,675.20. This represents a 23.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OppFi Stock Performance

Shares of OppFi stock opened at $9.33 on Friday. The stock has a market cap of $805.73 million, a price-to-earnings ratio of 58.28 and a beta of 1.63. The stock has a 50 day moving average price of $11.63 and a 200-day moving average price of $8.19. OppFi Inc. has a one year low of $2.38 and a one year high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. Sell-side analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 8th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of OppFi during the 3rd quarter worth approximately $60,000. Ancora Advisors LLC bought a new stake in shares of OppFi during the fourth quarter worth $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $83,000 after purchasing an additional 866 shares during the period. Mariner LLC bought a new position in shares of OppFi in the fourth quarter worth about $93,000. Finally, MetLife Investment Management LLC purchased a new position in OppFi in the 4th quarter worth about $98,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OPFI. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. JMP Securities lowered 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.

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.