OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 58,764 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $9.60, for a total value of $564,134.40. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at $1,792,675.20. This represents a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OppFi Price Performance

Shares of NYSE OPFI opened at $9.33 on Friday. OppFi Inc. has a 1-year low of $2.38 and a 1-year high of $17.73. The business has a fifty day moving average price of $11.63 and a 200 day moving average price of $8.19. The stock has a market capitalization of $805.73 million, a P/E ratio of 58.28 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $133.50 million. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Tuesday, April 8th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OPFI. Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. JMP Securities cut shares of 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 price objective on shares of OppFi in a research note on Thursday, March 6th.

Hedge Funds Weigh In On OppFi

A number of large investors have recently made changes to their positions in OPFI. Ancora Advisors LLC acquired a new stake in shares of OppFi in the 4th quarter worth $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 valued at $83,000 after buying an additional 866 shares during the last quarter. Mariner LLC acquired a new stake in OppFi in the fourth quarter worth about $93,000. Quadrature Capital Ltd purchased a new stake in shares of OppFi during the third quarter worth about $60,000. Finally, MetLife Investment Management LLC acquired a new position in shares of OppFi during the fourth quarter valued at about $98,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.