Baader Bank Aktiengesellschaft Purchases Shares of 25,392 OppFi Inc. (NYSE:OPFI)

Baader Bank Aktiengesellschaft purchased a new stake in OppFi Inc. (NYSE:OPFI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 25,392 shares of the company’s stock, valued at approximately $195,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after acquiring an additional 26,742 shares during the period. Barclays PLC increased its stake in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after purchasing an additional 20,630 shares during the period. Geode Capital Management LLC increased its stake in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. XTX Topco Ltd acquired a new position in shares of OppFi during the 3rd quarter worth about $136,000. Finally, Jane Street Group LLC boosted its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares during the period. 7.10% of the stock is currently owned by institutional investors and hedge funds.

OppFi Price Performance

NYSE OPFI opened at $13.72 on Friday. The company’s fifty day moving average is $8.97 and its two-hundred day moving average is $6.26. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 85.78 and a beta of 1.45. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $14.85.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The firm had revenue of $136.59 million for the quarter, compared to analyst estimates of $128.94 million. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity at OppFi

In other news, Director Jocelyn Moore sold 23,149 shares of the company’s 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 sale, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the transaction, the director now owns 143,825 shares of the company’s stock, valued at $927,671.25. This trade represents a 41.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,450 shares of company stock worth $971,370. 84.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

OppFi 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.