Corsair Capital Management L.P. Cuts Stock Position in OppFi Inc. (NYSE:OPFI)

Corsair Capital Management L.P. trimmed its position in OppFi Inc. (NYSE:OPFI) by 25.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,980 shares of the company’s stock after selling 10,000 shares during the period. Corsair Capital Management L.P.’s holdings in OppFi were worth $142,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OPFI. LB Partners LLC lifted its holdings in OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after acquiring an additional 11,948 shares during the period. Vanguard Group Inc. lifted its stake in shares of OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in OppFi during the third quarter worth about $2,457,000. Marshall Wace LLP grew its position in OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after buying an additional 33,347 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of OppFi during the 3rd quarter valued at approximately $355,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Up 6.1 %

OPFI opened at $8.49 on Wednesday. OppFi Inc. has a 52 week low of $2.35 and a 52 week high of $8.49. The firm has a market cap of $731.92 million, a P/E ratio of 50.00 and a beta of 1.20. The business’s fifty day simple moving average is $5.42 and its 200 day simple moving average is $4.34.

Insider Activity

In related news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the sale, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the transaction, the director now owns 143,825 shares in the company, valued at approximately $927,671.25. This represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Securities lifted their price objective on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

OppFi Profile

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.