GSA Capital Partners LLP Trims Holdings in OppFi Inc. $OPFI

GSA Capital Partners LLP decreased its stake in shares of OppFi Inc. (NYSE:OPFI) by 36.5% during the third quarter, HoldingsChannel.com reports. The firm owned 125,764 shares of the company’s stock after selling 72,323 shares during the period. GSA Capital Partners LLP’s holdings in OppFi were worth $1,425,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company’s stock valued at $65,000 after buying an additional 3,207 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in OppFi by 56.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock worth $75,000 after purchasing an additional 1,948 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in OppFi by 747.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,479 shares of the company’s stock valued at $119,000 after purchasing an additional 7,479 shares during the period. Quantbot Technologies LP grew its position in shares of OppFi by 20.8% during the 2nd quarter. Quantbot Technologies LP now owns 8,663 shares of the company’s stock valued at $121,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Optivise Advisory Services LLC bought a new position in shares of OppFi in the third quarter worth $127,000. Institutional investors own 7.10% of the company’s stock.

Insider Activity at OppFi

In related news, Director Jocelyn Moore sold 4,464 shares of OppFi stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.91, for a total value of $48,702.24. Following the transaction, the director owned 47,266 shares in the company, valued at $515,672.06. This trade represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 72.00% of the company’s stock.

OppFi Price Performance

Shares of OPFI opened at $9.01 on Wednesday. OppFi Inc. has a 1 year low of $7.54 and a 1 year high of $15.03. The stock has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $10.22. The firm has a market cap of $778.10 million, a P/E ratio of -12.01 and a beta of 1.71.

Analysts Set New Price Targets

OPFI has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of OppFi in a research note on Monday, December 29th. Zacks Research downgraded OppFi from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.67.

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.