JPMorgan Chase & Co. lifted its holdings in OppFi Inc. (NYSE:OPFI – Free Report) by 163.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 780,258 shares of the company’s stock after purchasing an additional 483,859 shares during the period. JPMorgan Chase & Co. owned about 0.90% of OppFi worth $8,840,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its stake in OppFi by 669.2% during the third quarter. Quarry LP now owns 3,492 shares of the company’s stock valued at $40,000 after purchasing an additional 3,038 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in OppFi in the third quarter worth approximately $49,000. Russell Investments Group Ltd. increased its holdings in shares of OppFi by 217.6% in the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after buying an additional 3,207 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of OppFi by 56.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock valued at $75,000 after buying an additional 1,948 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of OppFi by 747.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,479 shares of the company’s stock valued at $119,000 after acquiring an additional 7,479 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.
OppFi Stock Performance
OppFi stock opened at $7.55 on Monday. OppFi Inc. has a 52 week low of $7.50 and a 52 week high of $15.03. The firm has a market capitalization of $642.23 million, a price-to-earnings ratio of -68.59 and a beta of 1.73. The company has a 50 day moving average price of $9.00 and a 200 day moving average price of $9.89.
Analyst Ratings Changes
Several research firms have recently weighed in on OPFI. Weiss Ratings reissued a “sell (d+)” rating on shares of OppFi in a research note on Monday, December 29th. Zacks Research downgraded OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, OppFi currently has an average rating of “Hold” and an average target price of $14.00.
Check Out Our Latest Research Report on OppFi
Insider Transactions at OppFi
In other OppFi news, Director Jocelyn Moore sold 8,190 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $8.53, for a total transaction of $69,860.70. Following the completion of the sale, the director directly owned 39,076 shares in the company, valued at approximately $333,318.28. This trade represents a 17.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 72.00% of the company’s stock.
OppFi Profile
OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.
Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.
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