Theodore G. Schwartz Sells 79,559 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the transaction, the director now owns 186,737 shares of the company’s stock, valued at approximately $1,704,908.81. The trade was a 29.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Stock Performance

Shares of OPFI opened at $9.16 on Wednesday. The firm has a market capitalization of $789.29 million, a price-to-earnings ratio of 57.22 and a beta of 1.63. The stock’s fifty day moving average is $11.60 and its 200-day moving average is $7.97. OppFi Inc. has a one year low of $2.35 and a one year high of $17.73.

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

Hedge Funds Weigh In On OppFi

A number of hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in OppFi during the 4th quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after buying an additional 866 shares in the last quarter. Mariner LLC acquired a new position in shares of OppFi during the 4th quarter worth $93,000. Quadrature Capital Ltd acquired a new position in OppFi during the third quarter worth $60,000. Finally, MetLife Investment Management LLC acquired a new position in shares of OppFi during the 4th quarter valued at about $98,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.