OppFi Inc. (NYSE:OPFI) to Issue $0.12 Dividend

OppFi Inc. (NYSE:OPFI) declared a dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Friday, April 19th will be given a dividend of 0.12 per share on Wednesday, May 1st. The ex-dividend date is Thursday, April 18th.

OppFi Stock Down 3.3 %

NYSE OPFI opened at $2.94 on Wednesday. The company has a fifty day moving average of $3.02 and a two-hundred day moving average of $3.28. OppFi has a 52 week low of $1.81 and a 52 week high of $5.34.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $132.92 million during the quarter, compared to analyst estimates of $133.49 million. OppFi had a negative net margin of 0.20% and a positive return on equity of 23.92%. During the same period in the previous year, the firm earned ($0.19) earnings per share. Equities analysts anticipate that OppFi will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JMP Securities raised their target price on shares of OppFi from $3.25 to $5.00 and gave the stock a “market outperform” rating in a research report on Friday, January 12th.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. purchased a new position in shares of OppFi during the second quarter worth $26,000. JPMorgan Chase & Co. raised its holdings in shares of OppFi by 479.7% during the second quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock worth $29,000 after purchasing an additional 7,196 shares during the last quarter. Mariner LLC purchased a new position in shares of OppFi during the fourth quarter worth $30,000. Virtu Financial LLC purchased a new position in shares of OppFi during the first quarter worth $43,000. Finally, Bank of America Corp DE increased its holdings in OppFi by 107.7% in the fourth quarter. Bank of America Corp DE now owns 24,502 shares of the company’s stock valued at $50,000 after buying an additional 12,705 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.