OppFi (NYSE:OPFI) Downgraded by Citizens Jmp to Hold

Citizens Jmp downgraded shares of OppFi (NYSE:OPFI) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

OPFI has been the subject of several other research reports. JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Northland Securities increased their price objective on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

OppFi Stock Down 4.3 %

NYSE:OPFI opened at $14.35 on Wednesday. The firm has a market capitalization of $1.24 billion, a PE ratio of 89.69 and a beta of 1.57. OppFi has a 12-month low of $2.35 and a 12-month high of $17.73. The firm has a 50-day moving average price of $10.16 and a 200 day moving average price of $6.90.

Insiders Place Their Bets

In other news, Director David Vennettilli sold 22,301 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now owns 121,524 shares in the company, valued at approximately $933,304.32. This represents a 15.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 84.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new position in shares of OppFi in the third quarter worth about $355,000. Segall Bryant & Hamill LLC bought a new position in OppFi in the 3rd quarter worth approximately $2,457,000. Quadrature Capital Ltd acquired a new position in OppFi during the 3rd quarter worth $60,000. Jane Street Group LLC boosted its position in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after buying an additional 5,795 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of OppFi in the 3rd quarter valued at $136,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.