American Century Companies Inc. Has $259,000 Stock Holdings in OppFi Inc. (NYSE:OPFI)

American Century Companies Inc. lifted its position in OppFi Inc. (NYSE:OPFI) by 30.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,846 shares of the company’s stock after purchasing an additional 7,974 shares during the quarter. American Century Companies Inc.’s holdings in OppFi were worth $259,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Globeflex Capital L P increased its holdings in shares of OppFi by 191.8% during the fourth quarter. Globeflex Capital L P now owns 187,796 shares of the company’s stock worth $1,439,000 after buying an additional 123,438 shares in the last quarter. Los Angeles Capital Management LLC grew its position in 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 acquiring an additional 73,258 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in OppFi during the 4th quarter valued at $282,000. Harvest Fund Management Co. Ltd bought a new position in OppFi in the 4th quarter valued at $231,000. Finally, Raymond James Financial Inc. acquired a new position in OppFi in the fourth quarter worth $228,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Stock Up 1.2 %

OPFI stock opened at $8.43 on Monday. OppFi Inc. has a twelve month low of $2.56 and a twelve month high of $17.73. The company has a market cap of $728.65 million, a P/E ratio of 52.71 and a beta of 1.61. The business has a fifty day moving average of $10.55 and a 200-day moving average of $8.61.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period in the prior year, the company posted $0.10 EPS. As a group, equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 8th.

Insider Transactions at OppFi

In related news, insider Christopher J. Mckay sold 10,377 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $7.83, for a total value of $81,251.91. Following the sale, the insider now directly owns 206,667 shares in the company, valued at $1,618,202.61. This trade represents a 4.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Vennettilli sold 30,762 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58. Following the transaction, the director now owns 90,762 shares of the company’s stock, valued at approximately $825,026.58. This represents a 25.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,784 shares of company stock worth $6,879,815 in the last three months. Insiders own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

OPFI has been the subject of a number of research reports. JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price objective on shares of OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

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.