OppFi (NYSE:OPFI) Sees Large Volume Increase – Should You Buy?

OppFi Inc. (NYSE:OPFI) shares saw unusually-strong trading volume on Friday . Approximately 443,356 shares changed hands during trading, an increase of 65% from the previous session’s volume of 268,856 shares.The stock last traded at $5.16 and had previously closed at $4.82.

OppFi Stock Performance

The company has a market capitalization of $577.43 million, a PE ratio of 86.50 and a beta of 1.23. The firm has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $3.74.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. The firm had revenue of $126.30 million for the quarter, compared to analysts’ expectations of $121.14 million. OppFi had a net margin of 1.00% and a return on equity of 28.73%. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, research analysts anticipate that OppFi Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at OppFi

In other OppFi news, Director David Vennettilli sold 38,886 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $4.34, for a total transaction of $168,765.24. Following the sale, the director now owns 94,497 shares in the company, valued at $410,116.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 84.00% of the company’s stock.

Institutional Trading of OppFi

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after buying an additional 5,218 shares during the period. Virtu Financial LLC acquired a new position in OppFi in the fourth quarter valued at approximately $202,000. Quadrature Capital Ltd bought a new position in shares of OppFi during the fourth quarter valued at approximately $89,000. Acadian Asset Management LLC acquired a new stake in shares of OppFi during the 1st quarter worth approximately $51,000. Finally, Brendel Financial Advisors LLC bought a new stake in shares of OppFi in the 3rd quarter worth approximately $105,000. Institutional investors own 7.10% of the company’s stock.

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.