Dimensional Fund Advisors LP Boosts Holdings in OppFi Inc. (NYSE:OPFI)

Dimensional Fund Advisors LP increased its holdings in OppFi Inc. (NYSE:OPFI) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,320 shares of the company’s stock after buying an additional 20,845 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of OppFi worth $408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock worth $140,000 after acquiring an additional 831 shares during the period. Barclays PLC grew its position in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company’s stock valued at $341,000 after acquiring an additional 2,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in OppFi by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after acquiring an additional 4,398 shares in the last quarter. Bank of New York Mellon Corp grew its position in OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after acquiring an additional 6,242 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of OppFi by 30.8% during the fourth quarter. American Century Companies Inc. now owns 33,846 shares of the company’s stock worth $259,000 after buying an additional 7,974 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OppFi news, insider Christopher J. Mckay sold 10,377 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total transaction of $93,393.00. Following the completion of the sale, the insider now directly owns 248,175 shares in the company, valued at approximately $2,233,575. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.45, for a total value of $408,599.10. Following the sale, the director now owns 90,762 shares of the company’s stock, valued at $857,700.90. The trade was a 32.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,417,656 shares of company stock valued at $14,134,092. 72.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th. JMP Securities raised shares of 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, Citizens Jmp raised shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target for the company in a research report on Thursday, May 8th.

OppFi Stock Performance

Shares of OPFI opened at $11.81 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 73.79 and a beta of 1.61. OppFi Inc. has a one year low of $2.85 and a one year high of $17.73. The stock’s fifty day moving average is $9.52 and its 200-day moving average is $9.41.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

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.