Thompson Davis & CO. Inc. Acquires New Position in OppFi Inc. (NYSE:OPFI)

Thompson Davis & CO. Inc. purchased a new position in OppFi Inc. (NYSE:OPFI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36,400 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in OppFi by 490.0% in the third quarter. Barclays PLC now owns 14,507 shares of the company’s stock worth $37,000 after purchasing an additional 12,048 shares during the period. Prosperity Wealth Management Inc. purchased a new position in OppFi during the fourth quarter valued at $136,000. Heron Bay Capital Management raised its stake in OppFi by 41.5% during the fourth quarter. Heron Bay Capital Management now owns 38,647 shares of the company’s stock valued at $198,000 after purchasing an additional 11,330 shares in the last quarter. Finally, LB Partners LLC purchased a new stake in OppFi during the 4th quarter valued at $1,638,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Trading Down 2.6 %

Shares of NYSE OPFI traded down $0.07 during trading hours on Tuesday, reaching $2.66. The stock had a trading volume of 137,119 shares, compared to its average volume of 326,294. The firm has a 50-day moving average of $2.90 and a 200-day moving average of $3.31. The firm has a market cap of $294.38 million, a price-to-earnings ratio of -134.43 and a beta of 1.23. OppFi Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.34.

OppFi (NYSE:OPFI) last released its earnings results on Thursday, March 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $132.92 million during the quarter, compared to the consensus estimate of $133.49 million. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. During the same quarter last year, the company earned ($0.19) earnings per share. On average, equities analysts predict that OppFi Inc. will post 0.55 EPS for the current year.

OppFi Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 19th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 18th.

Analyst Ratings Changes

Separately, JMP Securities restated a “market outperform” rating and set a $5.00 target price on shares of OppFi in a report on Wednesday, April 17th.

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.