LB Partners LLC Reduces Stake in OppFi Inc. (NYSE:OPFI)

LB Partners LLC has decreased its holdings in OppFi Inc. (NYSE:OPFI) by 7.7% during the fourth quarter, as noted in their latest Form 13F filing with the Securities and Exchange Commission (SEC). After selling off 70,970 shares, the firm now holds 850,000 shares of OppFi. This investment represents about 4.9% of LB Partners LLC's overall portfolio, making OppFi their 7th largest investment. At the end of the most recent quarter, LB Partners LLC owned approximately 0.99% of OppFi, equating to a value of $6,511,000.

Institutional Investors in OppFi

Other institutional investors and hedge funds have also shored up or altered their holdings in OppFi. For instance, Marshall Wace LLP increased its stake by 24.2% in the second quarter, acquiring an additional 33,347 shares, bringing their total to 171,318 shares valued at $581,000. Additionally, Brendel Financial Advisors LLC established a new investment in OppFi during the third quarter worth $105,000. Los Angeles Capital Management LLC and Segall Bryant & Hamill LLC also initiated new positions valued at $355,000 and $2,457,000 respectively during the same period. Furthermore, Quadrature Capital Ltd took a new position in OppFi valued at approximately $60,000. Currently, 7.10% of OppFi shares are owned by institutional investors and hedge funds.

OppFi Share Price Overview

As of Friday, OppFi shares opened at $13.72. The company has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $6.27. Over the past year, the stock has seen a low of $2.35 and a high of $14.85. OppFi Inc. holds a market capitalization of $1.18 billion, with a P/E ratio of 85.78 and a beta of 1.45.

Recent Earnings Reports

OppFi announced its quarterly earnings on November 7th. The company reported earnings of $0.33 per share, surpassing the expected $0.21 by $0.12. They achieved a return on equity of 35.04% and a net margin of 1.40%. The total revenue for the quarter was $136.59 million, exceeding analyst estimates of $128.94 million. The previous year, the company had reported $0.16 earnings per share. On average, analysts anticipate OppFi Inc. will post earnings of $0.86 per share for the current fiscal year.

Rating Changes by Analysts

In analyst news, Northland Securities raised its price target on OppFi shares from $8.00 to $10.00, assigning the stock an 'outperform' rating in a research note dated December 13th.

Insider Transactions at OppFi

In related news from OppFi, Director Jocelyn Moore sold 23,149 shares on November 11th at an average price of $6.70, totaling $155,098.30. After this sale, she holds 99,072 shares worth around $663,782.40, marking a decrease of 18.94% in her position. Additionally, Director David Vennettilli sold 100,000 shares on November 8th for $645,000, which reduced his holding by 41.01%. Recent insider transactions total 145,450 shares sold, amounting to $971,370. Notably, insiders possess 84.00% of the company's shares.

About OppFi

OppFi Inc. operates within the specialty finance sector, focusing on providing access to credit through its platform. The company's services include OppLoans, a type of installment loan, SalaryTap, a payroll deduction-secured installment loan, and the OppFi Card, which offers a credit card product. Founded in 2012, OppFi is headquartered in Chicago, Illinois.

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