Segall Bryant & Hamill LLC Sells 38,321 Shares of OppFi Inc. (NYSE:OPFI)

Segall Bryant & Hamill LLC reduced its holdings in shares of OppFi Inc. (NYSE:OPFI) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 481,081 shares of the company’s stock after selling 38,321 shares during the period. Segall Bryant & Hamill LLC owned about 0.56% of OppFi worth $3,685,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OPFI. Charles Schwab Investment Management Inc. boosted its stake in shares of OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after purchasing an additional 4,398 shares in the last quarter. Jane Street Group LLC boosted its position in OppFi by 28.9% during the third 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 period. Bank of New York Mellon Corp boosted its position in OppFi by 22.4% during the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after buying an additional 6,242 shares during the period. American Century Companies Inc. grew its stake in shares of OppFi by 30.8% during the fourth quarter. American Century Companies Inc. now owns 33,846 shares of the company’s stock valued at $259,000 after buying an additional 7,974 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of OppFi in the third quarter worth about $60,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at OppFi

In related news, Director Theodore G. Schwartz sold 165,174 shares of OppFi stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the sale, the director now directly owns 186,737 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, Director David Vennettilli sold 30,762 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the sale, the director now directly owns 90,762 shares in the company, valued at approximately $825,026.58. The trade was a 25.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 562,865 shares of company stock valued at $5,465,151. 84.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

OppFi Trading Down 6.3 %

OppFi stock opened at $9.33 on Friday. The firm has a market cap of $805.73 million, a P/E ratio of 58.28 and a beta of 1.63. OppFi Inc. has a 1-year low of $2.38 and a 1-year high of $17.73. The firm has a 50-day moving average of $11.63 and a 200-day moving average of $8.19.

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

OppFi Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

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.