Raymond James Financial Inc. Takes $228,000 Position in OppFi Inc. (NYSE:OPFI)

Raymond James Financial Inc. acquired a new stake in OppFi Inc. (NYSE:OPFI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 29,828 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in OppFi by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after acquiring an additional 4,398 shares during the period. Jane Street Group LLC grew its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares during the period. Bank of New York Mellon Corp grew its position in OppFi by 22.4% during the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after acquiring an additional 6,242 shares during the period. American Century Companies Inc. grew its position in OppFi by 30.8% during the fourth quarter. American Century Companies Inc. now owns 33,846 shares of the company’s stock valued at $259,000 after acquiring an additional 7,974 shares during the period. Finally, Geode Capital Management LLC grew its position in OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company’s stock valued at $3,160,000 after acquiring an additional 11,239 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Insider Buying and Selling

In other OppFi news, Director David Vennettilli sold 43,238 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the sale, the director now owns 90,762 shares in the company, valued at $857,700.90. This represents a 32.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 111,157 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $8.84, for a total value of $982,627.88. Following the sale, the director now owns 186,737 shares in the company, valued at $1,650,755.08. The trade was a 37.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,027,991 shares of company stock worth $9,489,160. 84.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JMP Securities raised OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target for the company in a research report on Thursday, May 8th. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp raised OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 target price for the company in a research report on Thursday, May 8th.

OppFi Price Performance

Shares of NYSE OPFI opened at $12.13 on Tuesday. OppFi Inc. has a 1-year low of $2.82 and a 1-year high of $17.73. The business has a 50-day moving average of $9.32 and a 200-day moving average of $9.29. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 75.84 and a beta of 1.61.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $140.27 million for the quarter, compared to analysts’ expectations of $137.71 million. Research analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 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.