Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 100,000 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares of the company’s stock, valued at $927,671.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

OppFi Price Performance

OPFI stock opened at $6.75 on Thursday. The company’s 50 day simple moving average is $4.95 and its 200-day simple moving average is $4.08. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $7.16. The firm has a market capitalization of $582.19 million, a PE ratio of 42.19 and a beta of 1.20.

Analyst Ratings Changes

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

Institutional Investors Weigh In On OppFi

Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of OppFi in the first quarter valued at $51,000. Brendel Financial Advisors LLC acquired a new position in OppFi in the 3rd quarter valued at about $105,000. Heron Bay Capital Management lifted its holdings in OppFi by 18.5% in the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock valued at $114,000 after purchasing an additional 7,141 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of OppFi during the third quarter worth about $355,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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.