OppFi Inc. (NYSE:OPFI) Insider Christopher J. Mckay Sells 10,377 Shares of Stock

OppFi Inc. (NYSE:OPFI) insider Christopher J. Mckay sold 10,377 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $7.54, for a total transaction of $78,242.58. Following the completion of the sale, the insider now owns 227,421 shares of the company’s stock, valued at $1,714,754.34. This trade represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OppFi Stock Up 8.9 %

OPFI stock opened at $8.63 on Thursday. The firm has a market cap of $745.24 million, a price-to-earnings ratio of 53.91 and a beta of 1.61. OppFi Inc. has a 12-month low of $2.56 and a 12-month high of $17.73. The company’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $8.53.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the firm posted $0.10 earnings per share. Research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement

The business 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.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OPFI shares. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on shares of 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.

Institutional Trading of OppFi

A number of institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in OppFi in the 3rd quarter valued at $60,000. Jane Street Group LLC raised its position in shares of OppFi by 28.9% during 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 in the last quarter. XTX Topco Ltd purchased a new stake in shares of OppFi during the 3rd quarter valued at $136,000. Barclays PLC raised its position in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after buying an additional 18,149 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.