OppFi (NYSE:OPFI) Stock Price Up 4%

OppFi Inc. (NYSE:OPFI) shares shot up 4% during trading on Tuesday . The company traded as high as $4.95 and last traded at $4.92. 62,203 shares traded hands during trading, a decline of 77% from the average session volume of 267,743 shares. The stock had previously closed at $4.73.

OppFi Stock Up 4.9 %

The company has a market capitalization of $551.84 million, a P/E ratio of 81.67 and a beta of 1.23. The business has a 50 day simple moving average of $4.30 and a 200-day simple moving average of $3.52.

OppFi (NYSE:OPFI) last posted its earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.17 by $0.12. The firm had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $121.14 million. OppFi had a net margin of 1.00% and a return on equity of 28.73%. During the same quarter in the prior year, the firm earned $0.19 EPS. Equities analysts forecast that OppFi Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at OppFi

In related news, Director David Vennettilli sold 38,886 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $4.34, for a total value of $168,765.24. Following the completion of the transaction, the director now owns 94,497 shares in the company, valued at approximately $410,116.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of OppFi by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares in the last quarter. Heron Bay Capital Management boosted its holdings in OppFi by 18.5% during the first quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock worth $114,000 after buying an additional 7,141 shares in the last quarter. LB Partners LLC grew its position in OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after buying an additional 11,948 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of OppFi in the fourth quarter valued at $89,000. Finally, Bank of New York Mellon Corp lifted its position 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 valued at $124,000 after acquiring an additional 20,048 shares during the last quarter. 7.10% of the stock is owned by institutional investors.

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.