Quadrature Capital Ltd Makes New Investment in OppFi Inc. (NYSE:OPFI)

Quadrature Capital Ltd bought a new position in shares of OppFi Inc. (NYSE:OPFI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,434 shares of the company’s stock, valued at approximately $89,000.

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

Wall Street Analysts Forecast Growth

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

OppFi Stock Performance

Shares of OPFI opened at $3.39 on Friday. OppFi Inc. has a 12 month low of $1.91 and a 12 month high of $5.34. The stock has a fifty day moving average price of $3.12 and a 200-day moving average price of $3.38. The firm has a market cap of $377.17 million, a PE ratio of 56.50 and a beta of 1.19.

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

OppFi Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 19th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 18th.

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.