Jocelyn Moore Sells 23,149 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Jocelyn Moore sold 23,149 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the transaction, the director now directly owns 99,072 shares in the company, valued at approximately $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Stock Down 2.7 %

OPFI opened at $6.57 on Friday. The firm has a market capitalization of $566.66 million, a P/E ratio of 41.07 and a beta of 1.20. The stock’s 50 day moving average price is $5.00 and its two-hundred day moving average price is $4.10. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $7.16.

Institutional Trading of OppFi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in OppFi in the 1st quarter valued at approximately $51,000. Brendel Financial Advisors LLC bought a new stake in shares of OppFi in the 3rd quarter worth approximately $105,000. Bank of New York Mellon Corp lifted its position in shares of OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares during the period. Heron Bay Capital Management lifted its position in shares of OppFi by 18.5% in the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock worth $114,000 after acquiring an additional 7,141 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of OppFi in the 3rd quarter worth approximately $355,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Northland Securities upped their target price on OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

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.