Wellington Management Group LLP Buys 389,082 Shares of OppFi Inc. $OPFI

Wellington Management Group LLP grew its stake in OppFi Inc. (NYSE:OPFI) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,019,250 shares of the company’s stock after acquiring an additional 389,082 shares during the quarter. Wellington Management Group LLP owned about 3.54% of OppFi worth $29,981,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OPFI. Vanguard Group Inc. boosted its position in OppFi by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,583,772 shares of the company’s stock valued at $17,944,000 after purchasing an additional 100,320 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in OppFi by 163.2% in the third quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after purchasing an additional 483,859 shares in the last quarter. Nuveen LLC lifted its position in shares of OppFi by 53.8% during the fourth quarter. Nuveen LLC now owns 754,039 shares of the company’s stock valued at $7,887,000 after buying an additional 263,744 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of OppFi by 14.3% during the third quarter. Two Sigma Investments LP now owns 646,099 shares of the company’s stock valued at $7,320,000 after buying an additional 80,804 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of OppFi by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 630,308 shares of the company’s stock valued at $4,860,000 after buying an additional 14,100 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

Insider Activity at OppFi

In other news, insider Christopher J. Mckay sold 77,850 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $7.18, for a total transaction of $558,963.00. Following the sale, the insider directly owned 1,431,479 shares of the company’s stock, valued at $10,278,019.22. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christina M. Favilla sold 30,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $8.14, for a total value of $244,200.00. Following the completion of the transaction, the director directly owned 156,737 shares in the company, valued at approximately $1,275,839.18. The trade was a 16.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders acquired 111,625 shares of company stock worth $792,089 and sold 136,335 shares worth $1,007,116. Insiders own 70.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 price objective on shares of OppFi in a research report on Wednesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of OppFi in a research note on Friday, August 7th. Stephens cut their price target on shares of OppFi from $11.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, August 11th. Piper Sandler lowered shares of OppFi to a “neutral” rating in a report on Wednesday, August 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of OppFi in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, OppFi presently has a consensus rating of “Hold” and an average price target of $10.50.

OppFi Stock Up 1.4%

OPFI opened at $7.42 on Friday. OppFi Inc. has a 52-week low of $6.50 and a 52-week high of $12.45. The company has a market cap of $632.26 million, a P/E ratio of 3.93 and a beta of 1.76. The firm’s 50-day moving average price is $8.57 and its 200-day moving average price is $8.58.

OppFi (NYSE:OPFI) last released its earnings results on Monday, August 10th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.11). The company had revenue of $86.17 million during the quarter, compared to analyst estimates of $155.89 million. OppFi had a return on equity of 30.89% and a net margin of 16.64%.OppFi has set its FY 2026 guidance at 1.340-1.510 EPS. On average, research analysts anticipate that OppFi Inc. will post 1.4 EPS for the current fiscal year.

OppFi Company 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.