OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 49,799 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 49,799 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $8.39, for a total value of $417,813.61. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at $1,566,723.43. This trade represents a 21.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

OppFi Trading Up 2.3 %

Shares of OPFI stock opened at $8.46 on Wednesday. OppFi Inc. has a 12-month low of $2.56 and a 12-month high of $17.73. The stock has a market capitalization of $731.16 million, a P/E ratio of 52.89 and a beta of 1.61. The firm’s 50 day moving average is $10.24 and its 200 day moving average is $8.64.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period last year, the business posted $0.10 EPS. As a group, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Announces Dividend

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

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in OPFI. Renaissance Technologies LLC boosted its stake in shares of OppFi by 52.6% during 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 last quarter. Marshall Wace LLP raised its holdings in OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after purchasing an additional 440,582 shares during the period. Two Sigma Investments LP lifted its position in OppFi by 19.8% during the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after purchasing an additional 73,905 shares in the last quarter. Two Sigma Advisers LP grew its holdings in OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after purchasing an additional 93,700 shares during the period. Finally, Geode Capital Management LLC increased its position in OppFi by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company’s stock worth $3,160,000 after buying an additional 11,239 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OPFI shares. 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 target price on OppFi in a 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.