OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 165,174 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,975,677.46. This represents a 46.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

OppFi Stock Down 7.1 %

Shares of NYSE OPFI opened at $9.98 on Thursday. OppFi Inc. has a 12 month low of $2.38 and a 12 month high of $17.73. The company has a market cap of $861.89 million, a P/E ratio of 62.35 and a beta of 1.63. The business’s 50 day moving average is $11.66 and its two-hundred day moving average is $8.19.

OppFi (NYSE:OPFI) last announced its 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, April 18th. Investors 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OPFI. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th.

Hedge Funds Weigh In On OppFi

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock worth $140,000 after purchasing an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after purchasing an additional 866 shares during the period. Barclays PLC boosted its stake in OppFi by 5.6% during the fourth quarter. Barclays PLC now owns 44,521 shares of the company’s stock worth $341,000 after buying an additional 2,380 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after buying an additional 4,398 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after acquiring an additional 5,795 shares during the period. 7.10% of the stock is currently owned by institutional investors.

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.