Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells $408,599.10 in Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 43,238 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the sale, the director now owns 90,762 shares in the company, valued at $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

David Vennettilli also recently made the following trade(s):

• On Tuesday, March 11th, David Vennettilli sold 30,762 shares of OppFi stock. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58.

OppFi Trading Up 4.0 %

Shares of NYSE OPFI opened at $9.24 on Friday. The company’s 50-day moving average price is $11.52 and its 200 day moving average price is $7.83. OppFi Inc. has a 52 week low of $2.35 and a 52 week high of $17.73. The stock has a market cap of $796.19 million, a price-to-earnings ratio of 57.72 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating 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 business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On OppFi

Several hedge funds have recently bought and sold shares of OPFI. Ancora Advisors LLC purchased a new stake in shares of OppFi in the fourth quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 last quarter. Mariner LLC purchased a new position in OppFi in the 4th quarter valued at about $93,000. Quadrature Capital Ltd acquired a new stake in shares of OppFi during the 3rd quarter worth about $60,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of OppFi during the fourth quarter worth about $98,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.