OppFi (NYSE:OPFI) Trading Up 5.1% – Here’s What Happened

OppFi Inc. (NYSE:OPFI) shot up 5.1% during trading on Wednesday . The stock traded as high as $5.02 and last traded at $4.99. 222,794 shares traded hands during trading, a decline of 17% from the average session volume of 269,214 shares. The stock had previously closed at $4.75.

OppFi Price Performance

The company has a fifty day moving average price of $4.39 and a 200 day moving average price of $3.61. The stock has a market cap of $552.96 million, a P/E ratio of 82.83 and a beta of 1.23.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.12. OppFi had a net margin of 1.00% and a return on equity of 28.73%. The business had revenue of $126.30 million during the quarter, compared to analyst estimates of $121.14 million. During the same quarter in the previous year, the business posted $0.19 EPS. As a group, sell-side analysts expect that OppFi Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David Vennettilli sold 38,886 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $4.34, for a total value of $168,765.24. Following the transaction, the director now owns 94,497 shares in the company, valued at $410,116.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 84.00% of the stock is currently owned by company insiders.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently made changes to their positions in OPFI. Brendel Financial Advisors LLC bought a new stake in OppFi in the 3rd quarter worth about $105,000. Marshall Wace LLP increased its position in shares of OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after acquiring an additional 33,347 shares during the last quarter. LB Partners LLC lifted its holdings in OppFi by 1.3% during the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after acquiring an additional 11,948 shares during the period. Bank of New York Mellon Corp boosted its position in OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares during the last quarter. Finally, Heron Bay Capital Management boosted its position in OppFi by 18.5% in the first quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock worth $114,000 after purchasing an additional 7,141 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.