Theodore G. Schwartz Sells 105,606 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 105,606 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total value of $1,010,649.42. Following the transaction, the director now directly owns 186,737 shares in the company, valued at $1,787,073.09. This trade represents a 36.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

OppFi Trading Up 2.7 %

NYSE:OPFI traded up $0.27 during mid-day trading on Thursday, reaching $9.95. 1,304,869 shares of the stock were exchanged, compared to its average volume of 721,670. The business has a fifty day moving average price of $11.67 and a 200 day moving average price of $8.00. The firm has a market capitalization of $857.40 million, a PE ratio of 62.16 and a beta of 1.63. OppFi Inc. has a 1-year low of $2.35 and a 1-year high of $17.73.

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

Hedge Funds Weigh In On OppFi

A number of hedge funds and other institutional investors have recently modified their holdings of OPFI. Quadrature Capital Ltd acquired a new position in shares of OppFi in the 3rd quarter valued at $60,000. Ancora Advisors LLC acquired a new position in shares of OppFi in the 4th quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 purchasing an additional 866 shares during the period. Mariner LLC acquired a new stake in OppFi during the 4th quarter worth about $93,000. Finally, MetLife Investment Management LLC acquired a new stake in OppFi during the 4th quarter worth about $98,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

OPFI has been the topic of a number of research analyst reports. 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 report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th.

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.