Theodore G. Schwartz Sells 124,788 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 124,788 shares of OppFi stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,738,521.47. This trade represents a 40.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Trading Up 2.0 %

NYSE:OPFI traded up $0.19 on Friday, reaching $9.51. 876,115 shares of the stock traded hands, compared to its average volume of 749,592. The company’s fifty day simple moving average is $11.63 and its 200 day simple moving average is $8.19. The company has a market capitalization of $821.28 million, a price-to-earnings ratio of 59.41 and a beta of 1.63. OppFi Inc. has a 12 month low of $2.38 and a 12 month high of $17.73.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. 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 previous year, the business earned $0.10 EPS. Equities analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On OppFi

Several large investors have recently bought and sold shares of OPFI. Quadrature Capital Ltd purchased a new stake in shares of OppFi during the 3rd quarter valued at about $60,000. Jane Street Group LLC lifted 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. XTX Topco Ltd bought a new position in OppFi during the third quarter valued at approximately $136,000. Barclays PLC boosted its holdings in OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after purchasing an additional 20,630 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.