OppFi Inc. (NYSE:OPFI) Director Sells $168,765.24 in Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 38,886 shares of the firm’s 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 transaction, the director now directly owns 94,497 shares in the company, valued at $410,116.98. The sale was disclosed in a document filed with the SEC, which is available at this link.

OppFi Price Performance

OPFI opened at $4.34 on Friday. The stock’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.26. OppFi Inc. has a 1 year low of $2.04 and a 1 year high of $5.34. The firm has a market cap of $482.86 million, a price-to-earnings ratio of 72.33 and a beta of 1.20.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $121.14 million. OppFi had a return on equity of 25.16% and a net margin of 0.83%. During the same period last year, the company earned $0.19 EPS. As a group, sell-side analysts anticipate that OppFi Inc. will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. LB Partners LLC lifted its stake in shares of OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after purchasing an additional 11,948 shares during the period. Vanguard Group Inc. raised its stake in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after buying an additional 5,218 shares during the last quarter. Marshall Wace LLP raised its stake in OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after buying an additional 33,347 shares during the last quarter. Heron Bay Capital Management raised its stake in OppFi by 18.5% during the first quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock valued at $114,000 after buying an additional 7,141 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in OppFi during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

About OppFi

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.