OppFi Inc. (NYSE:OPFI) Stock Position Raised by Barclays PLC

Barclays PLC boosted its stake in OppFi Inc. (NYSE:OPFI) by 95.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,141 shares of the company’s stock after buying an additional 20,630 shares during the quarter. Barclays PLC’s holdings in OppFi were worth $199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in OppFi in the 3rd quarter worth approximately $2,457,000. Brendel Financial Advisors LLC purchased a new stake in OppFi in the 3rd quarter worth approximately $105,000. Bank of New York Mellon Corp lifted its position in 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 buying an additional 20,048 shares in the last quarter. Marshall Wace LLP lifted its position in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after buying an additional 33,347 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of OppFi during the 3rd quarter worth about $60,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

OppFi Stock Down 11.4 %

Shares of OPFI opened at $7.60 on Tuesday. The firm has a market cap of $655.23 million, a price-to-earnings ratio of 47.50 and a beta of 1.45. The company’s fifty day moving average is $7.05 and its 200-day moving average is $5.25. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $8.73.

Insider Buying and Selling

In related news, Director David Vennettilli sold 22,301 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total value of $171,271.68. Following the transaction, the director now directly owns 121,524 shares of the company’s stock, valued at approximately $933,304.32. This trade represents a 15.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,450 shares of company stock worth $971,370. Corporate insiders own 84.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Northland Securities boosted their price target on OppFi from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, December 13th.

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.