OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 79,559 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the completion of the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at $1,704,908.81. The trade was a 29.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

OppFi Price Performance

Shares of OppFi stock opened at $9.95 on Friday. The stock has a market capitalization of $857.40 million, a P/E ratio of 62.16 and a beta of 1.63. The business has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $8.00. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The firm had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same period in the prior year, the company earned $0.10 EPS. As a group, research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On OppFi

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in OppFi during the 3rd quarter valued at about $60,000. Ancora Advisors LLC purchased a new position in OppFi in the 4th quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after purchasing an additional 866 shares during the last quarter. Mariner LLC purchased a new stake in shares of OppFi in the fourth quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of OppFi in the fourth quarter valued at approximately $98,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

OppFi Company 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.