Barclays PLC Grows Stock Position in OppFi Inc. (NYSE:OPFI)

Barclays PLC increased its holdings in OppFi Inc. (NYSE:OPFI) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,521 shares of the company’s stock after acquiring an additional 2,380 shares during the period. Barclays PLC’s holdings in OppFi were worth $341,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in shares of OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after buying an additional 26,742 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in OppFi in the fourth quarter valued at about $195,000. Bank of New York Mellon Corp boosted its stake 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 worth $262,000 after buying an additional 6,242 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of OppFi by 97.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company’s stock valued at $1,136,000 after acquiring an additional 73,258 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David Vennettilli sold 43,238 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the completion of the sale, the director now owns 90,762 shares in the company, valued at $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore G. Schwartz sold 111,157 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $8.84, for a total transaction of $982,627.88. Following the completion of the transaction, the director now owns 186,737 shares in the company, valued at $1,650,755.08. This represents a 37.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,027,991 shares of company stock worth $9,489,160. Company insiders own 84.00% of the company’s stock.

OppFi Stock Up 0.2 %

Shares of OPFI opened at $11.63 on Friday. The company has a market cap of $1.00 billion, a P/E ratio of 72.69 and a beta of 1.61. OppFi Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $17.73. The firm’s 50 day moving average price is $9.28 and its 200 day moving average price is $9.21.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $140.27 million for the quarter, compared to analysts’ expectations of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement

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

Wall Street Analysts Forecast Growth

OPFI has been the subject of a number of research analyst reports. Northland Securities set a $13.00 price objective on shares of OppFi in a research report on Thursday, March 6th. JMP Securities raised OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective for the company in a research note on Thursday. Finally, Citizens Jmp raised OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 target price on the stock in a research note on Thursday.

OppFi 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.