OppFi Inc. Declares Dividend of $0.12 (NYSE:OPFI)

OppFi Inc. (NYSE:OPFI) announced a dividend on Tuesday, April 9th, NASDAQ reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.12 per share on Wednesday, May 1st. The ex-dividend date of this dividend is Thursday, April 18th.

OppFi Price Performance

Shares of NYSE:OPFI opened at $2.94 on Wednesday. OppFi has a 52 week low of $1.81 and a 52 week high of $5.34. The company’s 50 day moving average is $3.02 and its two-hundred day moving average is $3.28.

OppFi (NYSE:OPFI) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. OppFi had a negative net margin of 0.20% and a positive return on equity of 23.92%. The company had revenue of $132.92 million for the quarter, compared to the consensus estimate of $133.49 million. During the same period in the prior year, the firm posted ($0.19) EPS. As a group, research analysts forecast that OppFi will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OPFI. Goldman Sachs Group Inc. boosted its stake in OppFi by 101.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 25,349 shares of the company’s stock worth $130,000 after purchasing an additional 12,774 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in OppFi by 33.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 39,409 shares of the company’s stock worth $99,000 after purchasing an additional 9,988 shares during the period. Renaissance Technologies LLC acquired a new stake in OppFi during the 1st quarter worth $95,000. Quadrature Capital Ltd acquired a new stake in OppFi during the 4th quarter worth $89,000. Finally, Bank of New York Mellon Corp boosted its stake in OppFi by 20.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,259 shares of the company’s stock worth $70,000 after purchasing an additional 5,134 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price objective on shares of OppFi from $3.25 to $5.00 and gave the company a “market outperform” rating in a research report on Friday, January 12th.

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.