OppFi Inc. (NYSE:OPFI) Director David Vennettilli Sells 100,000 Shares

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

OppFi Stock Performance

Shares of OppFi stock opened at $6.75 on Thursday. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $7.16. The company’s fifty day moving average is $4.95 and its two-hundred day moving average is $4.08. The company has a market capitalization of $582.19 million, a P/E ratio of 42.19 and a beta of 1.20.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On OppFi

A number of hedge funds have recently added to or reduced their stakes in OPFI. LB Partners LLC raised its stake in shares of OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after buying an additional 11,948 shares in the last quarter. Vanguard Group Inc. raised its position in OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after acquiring an additional 5,218 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in OppFi in the third quarter valued at $2,457,000. Marshall Wace LLP boosted its position in shares of OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of OppFi during the 3rd quarter worth $355,000. 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.