Stratos Wealth Partners LTD. Invests $246,000 in OppFi Inc. (NYSE:OPFI)

Stratos Wealth Partners LTD. purchased a new position in shares of OppFi Inc. (NYSE:OPFI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,411 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also modified their holdings of OPFI. GAMMA Investing LLC boosted its stake in shares of OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $48,000 after acquiring an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of OppFi during the 4th quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OppFi by 8.7% during 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 period. Mariner LLC bought a new stake in shares of OppFi during the 4th quarter valued at $93,000. Finally, MetLife Investment Management LLC bought a new stake in shares of OppFi during the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Insider Activity at OppFi

In other OppFi news, Director Gregory T. Zeeman sold 50,000 shares of OppFi stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $13.98, for a total value of $699,000.00. Following the sale, the director directly owned 149,644 shares in the company, valued at approximately $2,092,023.12. The trade was a 25.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Pamela D. Johnson sold 5,495 shares of OppFi stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $73,687.95. Following the completion of the sale, the chief financial officer owned 164,570 shares in the company, valued at approximately $2,206,883.70. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,403,240 shares of company stock valued at $16,731,648. 72.00% of the stock is currently owned by insiders.

OppFi Stock Performance

Shares of NYSE OPFI opened at $11.76 on Thursday. The company has a market cap of $1.02 billion, a P/E ratio of -31.77 and a beta of 1.73. The firm’s fifty day moving average is $12.90 and its two-hundred day moving average is $11.22. OppFi Inc. has a 52-week low of $3.09 and a 52-week high of $17.73.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $140.27 million for 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, analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OPFI. Stephens began coverage on shares of OppFi in a research report on Thursday, June 12th. They set an “equal weight” rating and a $14.50 price objective on the stock. Citizens Jmp upgraded shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th. Finally, JMP Securities upgraded shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th.

OppFi 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.