Janney Montgomery Scott LLC Lowers Stake in OppFi Inc. (NYSE:OPFI)

Janney Montgomery Scott LLC lowered its stake in shares of OppFi Inc. (NYSE:OPFI) by 35.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,900 shares of the company’s stock after selling 18,579 shares during the period. Janney Montgomery Scott LLC’s holdings in OppFi were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OPFI. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi during the 3rd quarter worth approximately $2,457,000. Los Angeles Capital Management LLC acquired a new stake in OppFi during the 3rd quarter worth approximately $355,000. XTX Topco Ltd acquired a new stake in OppFi during the 3rd quarter worth approximately $136,000. JPMorgan Chase & Co. lifted its holdings in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after buying an additional 26,742 shares in the last quarter. Finally, Barclays PLC lifted its holdings in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after buying an additional 20,630 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Insider Activity

In other news, Director David Vennettilli sold 22,301 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total value of $171,271.68. Following the sale, the director now directly owns 121,524 shares in the company, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Northland Securities increased their target price on shares of OppFi from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. JMP Securities lowered shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday.

OppFi Stock Down 4.3 %

OppFi stock opened at $14.35 on Thursday. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $17.73. The company’s 50 day moving average is $10.16 and its two-hundred day moving average is $6.90. The firm has a market cap of $1.24 billion, a PE ratio of 89.69 and a beta of 1.57.

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.