Deutsche Bank AG Makes New $126,000 Investment in OppFi Inc. (NYSE:OPFI)

Deutsche Bank AG acquired a new position in shares of OppFi Inc. (NYSE:OPFI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,403 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors also recently bought and sold shares of OPFI. Marshall Wace LLP raised its holdings in OppFi by 249.2% during the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after purchasing an additional 440,582 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of OppFi by 52.6% during the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after buying an additional 284,900 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of OppFi by 310.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after buying an additional 209,045 shares in the last quarter. Bank of America Corp DE raised its stake in shares of OppFi by 1,745.7% during the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock worth $1,580,000 after buying an additional 195,139 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of OppFi during the 4th quarter worth approximately $1,395,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Performance

OppFi stock opened at $13.15 on Wednesday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 82.18 and a beta of 1.61. The stock has a fifty day moving average of $10.18 and a two-hundred day moving average of $9.98. OppFi Inc. has a fifty-two week low of $3.05 and a fifty-two week high of $17.73.

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

OppFi Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Insider Activity

In related news, insider Christopher J. Mckay sold 10,377 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $9.00, for a total value 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. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore G. Schwartz sold 185,086 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $11.59, for a total transaction of $2,145,146.74. Following the sale, the director now directly owns 186,737 shares of the company’s stock, valued at $2,164,281.83. This represents a 49.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,417,656 shares of company stock valued at $14,134,092 over the last quarter. Company insiders own 72.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JMP Securities upgraded OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective for the company in a research report on Thursday, May 8th. Citizens Jmp upgraded OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a research report on Thursday, May 8th. Finally, Northland Securities set a $13.00 price target on shares of OppFi in a report on Thursday, March 6th.

OppFi Company 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.