Insider Selling: OppFi Inc. (NYSE:OPFI) Insider Sells $93,393.00 in Stock

OppFi Inc. (NYSE:OPFI) insider Christopher J. Mckay sold 10,377 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $9.00, for a total transaction of $93,393.00. Following the transaction, the insider now directly owns 248,175 shares of the company’s stock, valued at $2,233,575. The trade was a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

OppFi Stock Performance

Shares of NYSE:OPFI traded down $0.11 on Monday, reaching $8.17. The company’s stock had a trading volume of 1,620,719 shares, compared to its average volume of 772,614. The company has a 50-day simple moving average of $11.32 and a 200 day simple moving average of $8.46. OppFi Inc. has a 52-week low of $2.40 and a 52-week high of $17.73. The company has a market cap of $705.50 million, a P/E ratio of 51.03 and a beta of 1.61.

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

OppFi Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th. Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OPFI. Marshall Wace LLP raised its stake in shares of OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after acquiring an additional 440,582 shares during the period. Renaissance Technologies LLC grew its holdings in OppFi by 52.6% during the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock valued at $6,328,000 after purchasing an additional 284,900 shares during the last quarter. Tudor Investment Corp ET AL raised its position in OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after purchasing an additional 209,045 shares during the period. Bank of America Corp DE lifted its stake in OppFi by 1,745.7% in the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock worth $1,580,000 after purchasing an additional 195,139 shares during the last quarter. Finally, EAM Investors LLC bought a new position in shares of OppFi during the fourth quarter valued at approximately $1,395,000. 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.