519,402 Shares in OppFi Inc. (NYSE:OPFI) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi Inc. (NYSE:OPFI) in the third quarter, Holdings Channel reports. The firm acquired 519,402 shares of the company’s stock, valued at approximately $2,457,000.

A number of other large investors have also added to or reduced their stakes in OPFI. Acadian Asset Management LLC bought a new position in shares of OppFi during the first quarter valued at $51,000. Brendel Financial Advisors LLC purchased a new stake in OppFi during the 3rd quarter valued at about $105,000. Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 20,048 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in OppFi during the 3rd quarter valued at about $355,000. Finally, Marshall Wace LLP raised its holdings in OppFi by 24.2% in the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after buying an additional 33,347 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OppFi Price Performance

OPFI stock opened at $7.61 on Friday. The stock has a market capitalization of $656.06 million, a P/E ratio of 47.57 and a beta of 1.20. OppFi Inc. has a 1-year low of $2.35 and a 1-year high of $7.61. The business has a fifty day moving average price of $5.28 and a 200-day moving average price of $4.25.

Insider Buying and Selling

In other news, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now directly owns 99,072 shares of the company’s stock, valued at $663,782.40. This represents a 18.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Vennettilli sold 100,000 shares of OppFi stock in a transaction on Friday, November 8th. The stock was sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the sale, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. The trade was a 41.01 % decrease in their position. The disclosure for this sale can be found here. 84.00% of the stock is owned by corporate insiders.

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.