David Vennettilli Sells 100,000 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the sale, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. This represents a 41.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Trading Down 2.7 %

OPFI stock opened at $6.57 on Friday. The stock has a market capitalization of $566.66 million, a P/E ratio of 41.07 and a beta of 1.20. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $7.16. The firm has a 50-day moving average price of $5.00 and a 200-day moving average price of $4.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of OppFi in the third quarter valued at approximately $2,457,000. Los Angeles Capital Management LLC acquired a new position in shares of OppFi in the third quarter valued at approximately $355,000. Brendel Financial Advisors LLC acquired a new position in shares of OppFi in the third quarter valued at approximately $105,000. Marshall Wace LLP increased its stake in shares of OppFi by 24.2% in 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 period. Finally, LB Partners LLC increased its stake in shares of OppFi by 1.3% in the second quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after buying an additional 11,948 shares during the period. Institutional investors own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.