Barclays PLC Acquires 20,630 Shares of OppFi Inc. (NYSE:OPFI)

Barclays PLC boosted its holdings in OppFi Inc. (NYSE:OPFI) by 95.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,141 shares of the company’s stock after buying an additional 20,630 shares during the period. Barclays PLC’s holdings in OppFi were worth $199,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi during the 3rd quarter worth approximately $2,457,000. Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of 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 purchasing an additional 33,347 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of OppFi during the 3rd quarter worth approximately $355,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of OppFi by 120.5% during the 2nd 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 in the last quarter. 7.10% of the stock is owned by institutional investors.

Insider Transactions at OppFi

In other news, Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the sale, the director now owns 99,072 shares of the company’s stock, valued at approximately $663,782.40. This represents a 18.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the transaction, the director now owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. This represents a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,450 shares of company stock worth $971,370. Company insiders own 84.00% of the company’s stock.

OppFi Price Performance

OPFI stock opened at $11.92 on Wednesday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 74.52 and a beta of 1.45. The business has a 50-day moving average of $8.00 and a 200-day moving average of $5.76. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $12.25.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.21 by $0.12. The firm had revenue of $136.59 million during the quarter, compared to analysts’ expectations of $128.94 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period in the prior year, the firm posted $0.16 earnings per share. Equities analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

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

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.