Theodore G. Schwartz Sells 165,174 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,975,677.46. This trade represents a 46.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

OppFi Trading Down 6.3 %

NYSE OPFI opened at $9.33 on Friday. The firm has a market capitalization of $805.73 million, a P/E ratio of 58.28 and a beta of 1.63. The firm’s fifty day moving average price is $11.63 and its two-hundred day moving average price is $8.19. OppFi Inc. has a 1 year low of $2.38 and a 1 year high of $17.73.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $133.50 million. During the same period in the previous year, the business earned $0.10 EPS. On average, research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OPFI. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter valued at $60,000. Jane Street Group LLC raised its position in shares of OppFi by 28.9% in 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 acquired a new stake in shares of OppFi during the 3rd quarter worth about $136,000. Barclays PLC boosted its holdings in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after buying an additional 20,630 shares during the period. Finally, Geode Capital Management LLC grew its stake in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.