American Century Companies Inc. Buys 9,808 Shares of OppFi Inc. $OPFI

American Century Companies Inc. increased its stake in OppFi Inc. (NYSE:OPFI) by 29.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,654 shares of the company’s stock after buying an additional 9,808 shares during the period. American Century Companies Inc. owned 0.05% of OppFi worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new position in OppFi in the first quarter worth about $1,079,000. Virtu Financial LLC bought a new position in OppFi in the first quarter worth about $510,000. Invesco Ltd. raised its stake in OppFi by 95.5% in the first quarter. Invesco Ltd. now owns 24,475 shares of the company’s stock worth $228,000 after buying an additional 11,954 shares in the last quarter. Townsquare Capital LLC bought a new position in OppFi in the first quarter worth about $516,000. Finally, Wolverine Asset Management LLC raised its stake in OppFi by 13.7% in the first quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company’s stock worth $142,000 after buying an additional 1,845 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Theodore G. Schwartz sold 102,325 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.80, for a total value of $1,105,110.00. Following the sale, the director owned 199,644 shares in the company, valued at approximately $2,156,155.20. This trade represents a 33.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Pamela D. Johnson sold 5,495 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 $2,206,883.70. This represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,699 shares of company stock worth $12,935,298 over the last 90 days. 72.00% of the stock is currently owned by insiders.

OppFi Stock Down 0.2%

NYSE:OPFI opened at $10.43 on Friday. The company’s 50 day moving average price is $11.26 and its 200-day moving average price is $10.91. OppFi Inc. has a 52 week low of $3.93 and a 52 week high of $17.73. The stock has a market cap of $910.21 million, a price-to-earnings ratio of -7.96 and a beta of 1.70.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.15. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. The firm had revenue of $142.44 million for the quarter, compared to analysts’ expectations of $141.19 million. As a group, sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OPFI shares. Zacks Research upgraded shares of OppFi to a “strong-buy” rating in a report on Friday, August 8th. Stephens started coverage on shares of OppFi in a report on Thursday, June 12th. They issued an “equal weight” rating and a $14.50 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $13.63.

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.