Theodore G. Schwartz Sells 105,606 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 105,606 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $9.57, for a total value of $1,010,649.42. Following the transaction, the director now owns 186,737 shares in the company, valued at $1,787,073.09. The trade was a 36.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OppFi Stock Performance

Shares of OPFI opened at $9.78 on Friday. The stock has a 50-day moving average of $11.68 and a two-hundred day moving average of $8.03. OppFi Inc. has a one year low of $2.35 and a one year 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.

OppFi (NYSE:OPFI) last issued 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 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 analysts’ expectations of $133.50 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th. Citizens Jmp downgraded 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 report on Wednesday, February 12th.

Hedge Funds Weigh In On OppFi

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of OppFi in the 3rd quarter valued at about $60,000. Ancora Advisors LLC acquired a new position in shares of OppFi in the 4th quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after buying an additional 866 shares during the period. Mariner LLC acquired a new position in shares of OppFi in the 4th quarter valued at about $93,000. Finally, MetLife Investment Management LLC acquired a new position in shares of OppFi in the 4th quarter valued at about $98,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.