Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 43,238 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the sale, the director now directly owns 90,762 shares in the company, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Vennettilli also recently made the following trade(s):

• On Tuesday, March 11th, David Vennettilli sold 30,762 shares of OppFi stock. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58.

OppFi Price Performance

NYSE OPFI traded up $0.14 during trading on Wednesday, hitting $9.35. The company’s stock had a trading volume of 1,007,961 shares, compared to its average volume of 2,413,731. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The company has a market cap of $805.67 million, a PE ratio of 58.41 and a beta of 1.63. The business’s 50 day simple moving average is $11.47 and its 200-day simple moving average is $7.81.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 EPS 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 analysts’ expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period last year, the business earned $0.10 EPS. Analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On OppFi

Several institutional investors and hedge funds have recently made changes to their positions in OPFI. Segall Bryant & Hamill LLC purchased a new position in OppFi in the 3rd quarter worth $2,457,000. Marshall Wace LLP increased its holdings in shares of OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after purchasing an additional 440,582 shares during the period. Renaissance Technologies LLC raised its stake in shares of OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after purchasing an additional 284,900 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of OppFi by 310.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after purchasing an additional 209,045 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of OppFi by 1,745.7% during the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock worth $1,580,000 after purchasing an additional 195,139 shares during the period. 7.10% of the stock is currently 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.