Corsair Capital Management L.P. Lowers Stake in OppFi Inc. (NYSE:OPFI)

Corsair Capital Management L.P. lowered its position in shares of OppFi Inc. (NYSE:OPFI) by 29.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,906 shares of the company’s stock after selling 23,000 shares during the quarter. Corsair Capital Management L.P. owned about 0.05% of OppFi worth $286,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OPFI. Barclays PLC raised its position in OppFi by 490.0% in the third quarter. Barclays PLC now owns 14,507 shares of the company’s stock valued at $37,000 after purchasing an additional 12,048 shares during the period. AJOVista LLC purchased a new position in OppFi in the 4th quarter worth approximately $61,000. Prosperity Wealth Management Inc. acquired a new stake in OppFi in the fourth quarter valued at approximately $136,000. Thompson Davis & CO. Inc. purchased a new stake in shares of OppFi during the fourth quarter valued at approximately $186,000. Finally, Heron Bay Capital Management lifted its position in shares of OppFi by 41.5% during the fourth quarter. Heron Bay Capital Management now owns 38,647 shares of the company’s stock worth $198,000 after purchasing an additional 11,330 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Stock Performance

Shares of NYSE OPFI traded up $0.05 during midday trading on Friday, hitting $3.22. The company’s stock had a trading volume of 183,442 shares, compared to its average volume of 206,002. OppFi Inc. has a 1-year low of $1.91 and a 1-year high of $5.34. The firm’s fifty day moving average price is $2.97 and its 200-day moving average price is $3.42. The firm has a market cap of $358.25 million, a P/E ratio of 53.67 and a beta of 1.19.

OppFi (NYSE:OPFI) last posted its earnings results on Wednesday, May 8th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. OppFi had a return on equity of 25.16% and a net margin of 0.83%. The company had revenue of $127.34 million during the quarter, compared to analyst estimates of $122.32 million. As a group, research analysts predict that OppFi Inc. will post 0.6 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 1st. Stockholders of record on Friday, April 19th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, April 18th.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $5.00 price target on shares of OppFi in a report on Wednesday, April 17th.

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.