OppFi Inc. (NYSE:OPFI) Shares Sold by Corsair Capital Management L.P.

Corsair Capital Management L.P. lessened its holdings in OppFi Inc. (NYSE:OPFI) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,980 shares of the company’s stock after selling 10,000 shares during the quarter. Corsair Capital Management L.P.’s holdings in OppFi were worth $142,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LB Partners LLC grew its position in shares of OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after buying an additional 11,948 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi during the 3rd quarter worth approximately $2,457,000. Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 33,347 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in OppFi during the 3rd quarter worth $355,000. 7.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Vennettilli sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the completion of the transaction, the director now owns 143,825 shares of the company’s stock, valued at $927,671.25. This trade represents a 41.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jocelyn Moore sold 23,149 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $6.70, for a total transaction of $155,098.30. Following the completion of the sale, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OppFi Price Performance

OPFI opened at $8.49 on Wednesday. The stock’s 50 day moving average price is $5.42 and its 200 day moving average price is $4.34. The stock has a market cap of $731.92 million, a P/E ratio of 50.00 and a beta of 1.20. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $8.49.

OppFi 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.