Jane Street Group LLC Has $122,000 Holdings in OppFi Inc. (NYSE:OPFI)

Jane Street Group LLC boosted its holdings in OppFi Inc. (NYSE:OPFI) by 28.9% in the third quarter, HoldingsChannel reports. The firm owned 25,842 shares of the company’s stock after purchasing an additional 5,795 shares during the period. Jane Street Group LLC’s holdings in OppFi were worth $122,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in OppFi in the third quarter worth about $2,457,000. Brendel Financial Advisors LLC bought a new position in OppFi in the 3rd quarter worth about $105,000. Bank of New York Mellon Corp grew its stake in OppFi by 120.5% during the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock valued at $124,000 after acquiring an additional 20,048 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of OppFi during the third quarter worth about $60,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Stock Performance

Shares of NYSE:OPFI opened at $10.62 on Wednesday. The stock has a 50 day moving average price of $7.39 and a 200-day moving average price of $5.43. The firm has a market capitalization of $915.59 million, a P/E ratio of 66.38 and a beta of 1.45. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $11.24.

Insider Activity at OppFi

In related news, Director David Vennettilli sold 22,301 shares of OppFi stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the transaction, the director now directly owns 121,524 shares in the company, valued at approximately $933,304.32. The trade was a 15.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their target price on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

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.