10,221 Shares in OppFi Inc. $OPFI Purchased by AlphaQuest LLC

AlphaQuest LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,221 shares of the company’s stock, valued at approximately $95,000.

A number of other hedge funds have also added to or reduced their stakes in OPFI. Bank of America Corp DE grew its holdings in OppFi by 1,745.7% during the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock valued at $1,580,000 after buying an additional 195,139 shares in the last quarter. Victory Capital Management Inc. grew its holdings in OppFi by 450.8% during the 1st quarter. Victory Capital Management Inc. now owns 202,986 shares of the company’s stock valued at $1,888,000 after buying an additional 166,130 shares in the last quarter. Nuveen LLC purchased a new position in OppFi during the 1st quarter valued at about $1,079,000. Two Sigma Advisers LP grew its holdings in OppFi by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after buying an additional 93,700 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in OppFi during the 4th quarter valued at about $630,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Price Performance

NYSE:OPFI opened at $10.25 on Wednesday. The business has a 50 day moving average of $11.52 and a 200 day moving average of $10.95. The company has a market capitalization of $894.93 million, a price-to-earnings ratio of -7.82 and a beta of 1.70. OppFi Inc. has a 1-year low of $3.93 and a 1-year high of $17.73.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. The company had revenue of $142.44 million during the quarter, compared to the consensus estimate of $141.19 million. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%. As a group, sell-side analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, CFO Pamela D. Johnson sold 5,495 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $13.41, for a total value of $73,687.95. Following the completion of the sale, the chief financial officer owned 164,570 shares in the company, valued at $2,206,883.70. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodore G. Schwartz sold 102,325 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.80, for a total value of $1,105,110.00. Following the completion of the sale, the director owned 199,644 shares of the company’s stock, valued at $2,156,155.20. The trade was a 33.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,055,699 shares of company stock worth $12,935,298 in the last quarter. 72.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OPFI. Citizens Jmp raised OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 target price for the company in a report on Thursday, May 8th. Zacks Research upgraded OppFi to a “strong-buy” rating in a research report on Friday, August 8th. JMP Securities upgraded OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target for the company in a research report on Thursday, May 8th. Finally, Stephens initiated coverage on OppFi in a research report on Thursday, June 12th. They set an “equal weight” rating and a $14.50 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, OppFi has a consensus rating of “Buy” and an average target price of $13.63.

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.