OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 79,762 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,762 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at $1,704,908.81. The trade was a 29.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

OppFi Stock Up 6.1 %

OPFI opened at $9.70 on Thursday. OppFi Inc. has a 52 week low of $2.35 and a 52 week high of $17.73. The firm has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $7.98. The company has a market capitalization of $835.84 million, a PE ratio of 60.60 and a beta of 1.63.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period in the prior year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in OppFi by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock valued at $140,000 after purchasing an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after acquiring an additional 866 shares during the last quarter. Barclays PLC grew its position in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company’s stock worth $341,000 after acquiring an additional 2,380 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in OppFi by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock worth $416,000 after acquiring an additional 4,398 shares during the last quarter. Finally, Jane Street Group LLC raised its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares during the period. 7.10% of the stock is 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.