Kestra Advisory Services LLC Acquires 61,013 Shares of OppFi Inc. $OPFI

Kestra Advisory Services LLC increased its holdings in OppFi Inc. (NYSE:OPFI) by 53.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,047 shares of the company’s stock after purchasing an additional 61,013 shares during the quarter. Kestra Advisory Services LLC’s holdings in OppFi were worth $1,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. R Squared Ltd boosted its position in OppFi by 10.5% during the first quarter. R Squared Ltd now owns 21,684 shares of the company’s stock valued at $167,000 after buying an additional 2,053 shares during the period. Moran Wealth Management LLC purchased a new position in shares of OppFi in the first quarter worth about $84,000. Hsbc Holdings PLC purchased a new position in shares of OppFi in the fourth quarter worth about $119,000. Invesco Ltd. lifted its stake in shares of OppFi by 30.4% in the 4th quarter. Invesco Ltd. now owns 48,580 shares of the company’s stock valued at $508,000 after acquiring an additional 11,338 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of OppFi in the 4th quarter valued at about $730,000. 7.10% of the stock is owned by institutional investors.

OppFi Trading Up 1.9%

OppFi stock opened at $9.47 on Wednesday. The firm has a 50-day moving average of $8.82 and a 200-day moving average of $8.96. The firm has a market cap of $809.07 million, a P/E ratio of 10.19 and a beta of 1.76. OppFi Inc. has a 1-year low of $7.36 and a 1-year high of $12.60.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. OppFi had a return on equity of 39.90% and a net margin of 10.86%.The company had revenue of $87.30 million for the quarter, compared to the consensus estimate of $151.14 million. Research analysts forecast that OppFi Inc. will post 1.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OPFI shares. Citigroup restated a “market outperform” rating on shares of OppFi in a research report on Friday, June 26th. Weiss Ratings upgraded OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, May 12th. Zacks Research raised OppFi from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Stephens raised their target price on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of OppFi from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.00.

Insiders Place Their Bets

In other news, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director directly owned 132,389 shares of the company’s stock, valued at approximately $1,323,890. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christina M. Favilla sold 30,000 shares of OppFi stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $8.14, for a total transaction of $244,200.00. Following the sale, the director directly owned 156,737 shares in the company, valued at $1,275,839.18. The trade was a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 70.20% of the company’s stock.

OppFi Company 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.