Pamela D. Johnson Sells 35,890 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) CFO Pamela D. Johnson sold 35,890 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $13.97, for a total transaction of $501,383.30. Following the transaction, the chief financial officer now owns 173,018 shares of the company’s stock, valued at approximately $2,417,061.46. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OppFi Stock Performance

Shares of OPFI stock opened at $12.19 on Friday. OppFi Inc. has a 52-week low of $3.09 and a 52-week high of $17.73. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 76.16 and a beta of 1.73. The firm has a fifty day moving average of $10.91 and a 200-day moving average of $10.29.

OppFi (NYSE:OPFI) last announced its quarterly earnings data 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $140.27 million during the quarter, compared to analysts’ expectations of $137.71 million. On average, sell-side analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

Institutional Investors Weigh In On OppFi

Large investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of OppFi by 23.1% in the 4th quarter. Northern Trust Corp now owns 155,282 shares of the company’s stock worth $1,189,000 after purchasing an additional 29,171 shares during the last quarter. State of Wyoming bought a new stake in shares of OppFi in the 4th quarter worth about $214,000. Raymond James Financial Inc. bought a new stake in shares of OppFi in the 4th quarter worth about $228,000. Bank of New York Mellon Corp grew its holdings in shares of OppFi by 22.4% in the 4th quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock worth $262,000 after purchasing an additional 6,242 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of OppFi by 272.6% in the 4th quarter. JPMorgan Chase & Co. now owns 136,308 shares of the company’s stock worth $1,044,000 after purchasing an additional 99,723 shares during the last quarter. Institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on OPFI. Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th. Citizens Jmp upgraded shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a research note on Thursday, May 8th. Stephens initiated coverage on shares of OppFi in a research note on Thursday. They issued an “equal weight” rating and a $14.50 price objective for the company. Finally, JMP Securities upgraded shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective for the company in a research note on Thursday, May 8th.

About OppFi

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.