Kestra Advisory Services LLC Purchases 61,013 Shares of OppFi Inc. $OPFI

Kestra Advisory Services LLC raised its holdings in OppFi Inc. (NYSE:OPFI) by 53.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,047 shares of the company’s stock after purchasing an additional 61,013 shares during the period. Kestra Advisory Services LLC owned 0.21% of OppFi worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. R Squared Ltd raised its stake in shares of OppFi by 10.5% during the 1st quarter. R Squared Ltd now owns 21,684 shares of the company’s stock valued at $167,000 after purchasing an additional 2,053 shares during the period. Moran Wealth Management LLC bought a new position in OppFi in the 1st quarter worth about $84,000. Hsbc Holdings PLC purchased a new position in OppFi during the 4th quarter valued at about $119,000. Invesco Ltd. increased its position in shares of OppFi by 30.4% during the fourth quarter. Invesco Ltd. now owns 48,580 shares of the company’s stock valued at $508,000 after buying an additional 11,338 shares during the period. Finally, Vident Advisory LLC bought a new stake in shares of OppFi during the fourth quarter valued at about $730,000. 7.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OPFI. Stephens increased their price target on shares of OppFi from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Zacks Research raised shares of OppFi from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of OppFi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, May 12th. Citigroup reissued a “market outperform” rating on shares of OppFi in a report on Friday, June 26th. Finally, Wall Street Zen cut shares of OppFi from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, OppFi currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Insider Activity

In other news, Director Christina M. Favilla sold 30,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $8.14, for a total transaction of $244,200.00. Following the transaction, the director directly owned 156,737 shares in the company, valued at approximately $1,275,839.18. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Vennettilli sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director directly owned 132,389 shares in the company, valued at approximately $1,323,890. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 70.20% of the company’s stock.

OppFi Trading Up 1.9%

OPFI stock opened at $9.47 on Wednesday. The company’s 50 day moving average is $8.82 and its 200 day moving average is $8.96. The stock has a market cap of $809.07 million, a price-to-earnings ratio of 10.19 and a beta of 1.76. OppFi Inc. has a 1-year low of $7.36 and a 1-year high of $12.60.

OppFi (NYSE:OPFI) last announced its earnings results on Thursday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. OppFi had a net margin of 10.86% and a return on equity of 39.90%. The business had revenue of $87.30 million during the quarter, compared to analyst estimates of $151.14 million. As a group, sell-side analysts forecast that OppFi Inc. will post 1.8 EPS for the current fiscal year.

OppFi Profile

OppFi (NYSE: OPFI) is a financial technology company that provides digital lending and credit solutions designed to meet the needs of near-prime consumers in the United States. Through its technology-driven platform, OppFi offers unsecured installment loans under the OppLoans brand, allowing borrowers to access credit online or via mobile devices. The company leverages proprietary data analytics and machine learning models to assess credit risk, streamline underwriting processes and deliver personalized loan products with transparent terms.

Headquartered in Chicago, Illinois, OppFi was founded in 2013 with a mission to increase financial inclusion for underserved and underbanked populations.