OppFi Inc. (NYSE:OPFI) Declares Special Dividend of $0.25

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.25 per share on Friday, April 18th. The ex-dividend date of this dividend is Tuesday, April 8th.

OppFi Trading Down 7.1 %

Shares of NYSE:OPFI opened at $9.98 on Thursday. The firm has a market capitalization of $861.89 million, a PE ratio of 62.35 and a beta of 1.63. OppFi has a 1-year low of $2.38 and a 1-year high of $17.73. The business’s 50 day moving average is $11.66 and its 200-day moving average is $8.19.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $135.72 million for 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 quarter in the previous year, the firm posted $0.10 EPS. On average, sell-side analysts predict that OppFi will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at OppFi

In other OppFi news, Director Theodore G. Schwartz sold 165,174 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total value of $1,747,540.92. Following the transaction, the director now owns 186,737 shares of the company’s stock, valued at approximately $1,975,677.46. The trade was a 46.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the sale, the director now owns 90,762 shares of the company’s stock, valued at approximately $857,700.90. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 562,865 shares of company stock worth $5,465,151 over the last ninety days. Corporate insiders own 84.00% of the company’s stock.

OppFi Company 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.