Rhumbline Advisers Increases Stock Position in OppFi Inc. (NYSE:OPFI)

Rhumbline Advisers boosted its stake in OppFi Inc. (NYSE:OPFI) by 23.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,362 shares of the company’s stock after acquiring an additional 3,662 shares during the period. Rhumbline Advisers’ holdings in OppFi were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in OppFi by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock valued at $140,000 after purchasing an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after purchasing an additional 866 shares during the last quarter. Barclays PLC raised its position in OppFi by 5.6% in the 4th quarter. Barclays PLC now owns 44,521 shares of the company’s stock valued at $341,000 after purchasing an additional 2,380 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after purchasing an additional 4,398 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $48,000 after purchasing an additional 4,953 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Stock Performance

Shares of OppFi stock opened at $14.43 on Thursday. The company has a market cap of $1.25 billion, a P/E ratio of -39.00 and a beta of 1.73. OppFi Inc. has a one year low of $3.09 and a one year high of $17.73. The firm has a fifty day moving average of $11.66 and a two-hundred day moving average of $10.59.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. As a group, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gregory T. Zeeman sold 50,000 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $13.98, for a total transaction of $699,000.00. Following the transaction, the director now directly owns 149,644 shares of the company’s stock, valued at $2,092,023.12. This represents a 25.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Pamela D. Johnson sold 35,890 shares of the company’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the transaction, the chief financial officer now directly owns 173,018 shares in the company, valued at approximately $2,417,061.46. This trade represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,315,893 shares of company stock worth $14,910,109. 72.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. JMP Securities upgraded 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. Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th. Citizens Jmp upgraded 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. Finally, Stephens assumed coverage on shares of OppFi in a research report on Thursday, June 12th. They issued an “equal weight” rating and a $14.50 price target for the company.

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.