OppFi Inc. $OPFI Stock Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of OppFi Inc. (NYSE:OPFI) by 1,462.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,382 shares of the company’s stock after buying an additional 126,719 shares during the quarter. Quantbot Technologies LP owned about 0.16% of OppFi worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of OppFi by 191.3% during the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after acquiring an additional 124,744 shares during the period. Rhumbline Advisers boosted its stake in OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock valued at $180,000 after purchasing an additional 3,662 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of OppFi during the 2nd quarter valued at $537,000. GPS Wealth Strategies Group LLC raised its stake in shares of OppFi by 1,166.5% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 12,665 shares of the company’s stock worth $177,000 after buying an additional 11,665 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of OppFi by 25.7% in the second quarter. Geode Capital Management LLC now owns 536,668 shares of the company’s stock valued at $7,509,000 after buying an additional 109,771 shares during the period. 7.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OppFi

In related news, Director Jocelyn Moore sold 4,464 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $10.91, for a total value of $48,702.24. Following the completion of the transaction, the director owned 47,266 shares in the company, valued at $515,672.06. This trade represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 72.00% of the stock is owned by company insiders.

Analyst Ratings Changes

OPFI has been the topic of a number of research analyst reports. Zacks Research lowered OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d+)” rating on shares of OppFi in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

OppFi Stock Up 0.4%

OPFI opened at $9.23 on Friday. The firm has a market cap of $797.13 million, a PE ratio of -12.31 and a beta of 1.73. The business has a fifty day simple moving average of $9.66 and a 200-day simple moving average of $10.11. OppFi Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $15.03.

OppFi Company Profile

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.