Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 23,149 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Jocelyn Moore sold 23,149 shares of OppFi stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Stock Performance

Shares of OPFI opened at $6.53 on Friday. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $7.16. The firm has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.13. The company has a market capitalization of $563.23 million, a price-to-earnings ratio of 40.81 and a beta of 1.20.

Institutional Trading of OppFi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LB Partners LLC raised its position in OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after buying an additional 11,948 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after acquiring an additional 5,218 shares during the period. Segall Bryant & Hamill LLC purchased a new position in OppFi during the third quarter worth about $2,457,000. Marshall Wace LLP lifted its position in OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after purchasing an additional 33,347 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in OppFi in the 3rd quarter valued at approximately $355,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Northland Securities raised their target price on shares of OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

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.