Theodore G. Schwartz Sells 34,941 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 34,941 shares of the company’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $8.29, for a total value of $289,660.89. Following the transaction, the director now directly owns 186,737 shares in the company, valued at $1,548,049.73. This represents a 15.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OppFi Price Performance

OPFI stock opened at $8.29 on Friday. OppFi Inc. has a 12 month low of $2.56 and a 12 month high of $17.73. The firm has a market capitalization of $715.95 million, a PE ratio of 51.79 and a beta of 1.61. The company’s 50 day simple moving average is $9.80 and its 200-day simple moving average is $8.71.

OppFi (NYSE:OPFI) last released its quarterly earnings results 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 return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same quarter last year, the business posted $0.10 earnings per share. As a group, sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On OppFi

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP raised its position in shares of OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after buying an additional 440,582 shares during the last quarter. Renaissance Technologies LLC grew its stake in OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after acquiring an additional 284,900 shares during the period. Tudor Investment Corp ET AL raised its holdings in OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock valued at $2,117,000 after acquiring an additional 209,045 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of OppFi by 1,745.7% during the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock worth $1,580,000 after purchasing an additional 195,139 shares during the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of OppFi in the fourth quarter valued at $1,395,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.