OppFi Inc. (NYSE:OPFI) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in OppFi Inc. (NYSE:OPFI) by 23.3% during the first quarter, Holdings Channel.com reports. The fund owned 19,362 shares of the company’s stock after acquiring an additional 3,662 shares during the period. Rhumbline Advisers’ holdings in OppFi were worth $180,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $48,000 after acquiring an additional 4,953 shares during the last quarter. Ancora Advisors LLC acquired a new stake in OppFi in the 4th quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after acquiring an additional 866 shares during the last quarter. Mariner LLC acquired a new stake in OppFi in the 4th quarter valued at about $93,000. Finally, MetLife Investment Management LLC acquired a new stake in OppFi in the 4th quarter valued at about $98,000. 7.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JMP Securities raised shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective on the stock in a research note on Thursday, May 8th. Citizens Jmp raised shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Stephens initiated coverage on shares of OppFi in a research note on Thursday, June 12th. They set an “equal weight” rating and a $14.50 price target on the stock. Finally, Northland Securities set a $13.00 price target on shares of OppFi in a research note on Thursday, March 6th.

Insider Activity at OppFi

In other news, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $7.54, for a total transaction of $78,242.58. Following the sale, the insider now owns 227,421 shares in the company, valued at $1,714,754.34. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Theodore G. Schwartz sold 122,531 shares of OppFi stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $11.81, for a total transaction of $1,447,091.11. Following the sale, the director now owns 199,644 shares in the company, valued at $2,357,795.64. This represents a 38.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,315,893 shares of company stock worth $14,910,109. Company insiders own 72.00% of the company’s stock.

OppFi Price Performance

Shares of OPFI stock opened at $14.43 on Thursday. The firm has a market cap of $1.25 billion, a P/E ratio of -39.00 and a beta of 1.73. OppFi Inc. has a 1-year low of $3.09 and a 1-year high of $17.73. The firm’s 50-day simple moving average is $11.66 and its 200-day simple moving average is $10.59.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.12. The business had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. Analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

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.