OppFi (NYSE:OPFI) Earns Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of OppFi (NYSE:OPFI) in a report issued on Wednesday, Benzinga reports. JMP Securities currently has a $5.00 price objective on the stock.

OppFi Trading Down 0.3 %

Shares of OppFi stock opened at $2.92 on Wednesday. The company has a market capitalization of $323.15 million, a PE ratio of -146.00 and a beta of 1.23. OppFi has a 12 month low of $1.81 and a 12 month high of $5.34. The stock’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $3.28.

OppFi (NYSE:OPFI) last issued 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 business had revenue of $132.92 million for the quarter, compared to the consensus estimate of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same quarter last year, the business posted ($0.19) EPS. Analysts predict that OppFi will post 0.55 EPS for the current fiscal year.

OppFi Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 19th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 18th.

Institutional Trading of OppFi

Hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC raised its stake in shares of OppFi by 2.8% in the 4th quarter. Nuveen Asset Management LLC now owns 110,671 shares of the company’s stock valued at $567,000 after purchasing an additional 2,999 shares during the period. State Street Corp raised its stake in shares of OppFi by 10.8% in the 1st quarter. State Street Corp now owns 44,634 shares of the company’s stock valued at $153,000 after purchasing an additional 4,334 shares during the period. Mariner LLC raised its stake in shares of OppFi by 24.4% in the 3rd quarter. Mariner LLC now owns 22,838 shares of the company’s stock valued at $58,000 after purchasing an additional 4,477 shares during the period. Bank of New York Mellon Corp raised its stake in shares of OppFi by 20.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,259 shares of the company’s stock valued at $70,000 after purchasing an additional 5,134 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of OppFi by 479.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock valued at $29,000 after purchasing an additional 7,196 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.