OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 165,174 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of OppFi stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now directly owns 186,737 shares in the company, valued at $1,975,677.46. This represents a 46.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Stock Down 7.1 %

Shares of OppFi stock opened at $9.98 on Thursday. The stock has a market cap of $861.89 million, a PE ratio of 62.35 and a beta of 1.63. OppFi Inc. has a 12 month low of $2.38 and a 12 month high of $17.73. The business has a fifty day simple moving average of $11.66 and a 200-day simple moving average of $8.19.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the previous year, the business posted $0.10 EPS. Analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On OppFi

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP grew its stake in 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 purchasing an additional 440,582 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock valued at $6,328,000 after buying an additional 284,900 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in OppFi by 310.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after buying an additional 209,045 shares during the last quarter. Bank of America Corp DE raised its position in OppFi by 1,745.7% during the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock valued at $1,580,000 after acquiring an additional 195,139 shares in the last quarter. Finally, EAM Investors LLC acquired a new stake in OppFi in the fourth quarter valued at approximately $1,395,000. 7.10% of the stock is currently 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.