Jane Street Group LLC Acquires 5,795 Shares of OppFi Inc. (NYSE:OPFI)

Jane Street Group LLC boosted its stake in shares of OppFi Inc. (NYSE:OPFI) by 28.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,842 shares of the company’s stock after buying an additional 5,795 shares during the period. Jane Street Group LLC’s holdings in OppFi were worth $122,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of OppFi during the 3rd quarter worth approximately $60,000. Bank of New York Mellon Corp grew 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 valued at $124,000 after purchasing an additional 20,048 shares in the last quarter. Brendel Financial Advisors LLC acquired a new stake in OppFi in the 3rd quarter valued at $105,000. Marshall Wace LLP lifted its position in OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after buying an additional 33,347 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of OppFi during the 3rd quarter worth about $355,000. Institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities upped their target price on OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, December 13th.

OppFi Trading Up 9.0 %

NYSE OPFI opened at $10.62 on Wednesday. The firm has a market capitalization of $915.59 million, a P/E ratio of 66.38 and a beta of 1.45. The firm’s fifty day moving average price is $7.39 and its two-hundred day moving average price is $5.43. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $11.24.

Insider Activity

In other OppFi news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vennettilli sold 22,301 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now owns 121,524 shares of the company’s stock, valued at $933,304.32. This trade represents a 15.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,450 shares of company stock valued at $971,370. 84.00% of the stock is owned by company insiders.

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.