Theodore G. Schwartz Sells 58,764 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $9.60, for a total value of $564,134.40. Following the completion of the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,792,675.20. This trade represents a 23.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OppFi Trading Up 12.1 %

Shares of NYSE OPFI opened at $10.95 on Tuesday. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The firm has a market capitalization of $943.61 million, a price-to-earnings ratio of 68.41 and a beta of 1.63. The firm has a 50 day moving average of $11.70 and a 200 day moving average of $8.13.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) 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 firm had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after acquiring an additional 284,900 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after buying an additional 440,582 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after buying an additional 73,905 shares in the last quarter. Two Sigma Advisers LP increased its stake in OppFi by 27.9% in the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock worth $3,287,000 after buying an additional 93,700 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company’s stock valued at $3,160,000 after acquiring an additional 11,239 shares during the period. Institutional investors own 7.10% of the company’s stock.

Analyst Ratings Changes

OPFI has been the topic of a number of research analyst reports. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research 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.