OppFi (NYSE:OPFI) Earns Equal Weight Rating from Analysts at Stephens

Stephens initiated coverage on shares of OppFi (NYSE:OPFI) in a research report sent to investors on Thursday, MarketBeat reports. The firm issued an equal weight rating and a $14.50 price target on the stock.

Several other research analysts also recently commented on OPFI. Citizens Jmp raised OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a research note on Thursday, May 8th. Northland Securities set a $13.00 target price on shares of OppFi in a report on Thursday, March 6th. Finally, JMP Securities raised shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target on the stock in a report on Thursday, May 8th.

OppFi Trading Down 3.0%

OPFI opened at $12.19 on Thursday. The firm’s 50 day simple moving average is $10.91 and its two-hundred day simple moving average is $10.31. The company has a market capitalization of $1.06 billion, a PE ratio of 76.16 and a beta of 1.73. OppFi has a 1-year low of $3.09 and a 1-year high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. The firm had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Equities analysts forecast that OppFi will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.

Insider Activity

In related news, Director Theodore G. Schwartz sold 185,086 shares of OppFi stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $11.59, for a total transaction of $2,145,146.74. Following the completion of the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $2,164,281.83. The trade was a 49.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction on Monday, April 7th. The stock was sold at an average price of $7.54, for a total value of $78,242.58. Following the sale, the insider now owns 227,421 shares of the company’s stock, valued at approximately $1,714,754.34. This trade represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,349,784 shares of company stock worth $13,918,023 over the last quarter. Insiders own 72.00% of the company’s stock.

Institutional Trading of OppFi

A number of hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock worth $262,000 after purchasing an additional 6,242 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of OppFi by 97.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company’s stock worth $1,136,000 after purchasing an additional 73,258 shares during the period. Charles Schwab Investment Management Inc. lifted 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 during the period. Victory Capital Management Inc. purchased a new position in OppFi in the fourth quarter valued at $282,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of OppFi during the 4th quarter worth about $228,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.