Quantbot Technologies LP Has $1.53 Million Holdings in OppFi Inc. $OPFI

Quantbot Technologies LP lifted its position in OppFi Inc. (NYSE:OPFI) by 1,462.8% in the 3rd quarter, Holdings Channel reports. The fund owned 135,382 shares of the company’s stock after buying an additional 126,719 shares during the period. Quantbot Technologies LP’s holdings in OppFi were worth $1,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new stake in OppFi during the 3rd quarter valued at $49,000. Russell Investments Group Ltd. grew its holdings 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 in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in OppFi by 56.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,384 shares of the company’s stock valued at $75,000 after buying an additional 1,948 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in OppFi by 747.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,479 shares of the company’s stock worth $119,000 after acquiring an additional 7,479 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new stake in OppFi during the 3rd quarter worth about $127,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OppFi

In other news, Director Jocelyn Moore sold 4,464 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $10.91, for a total transaction of $48,702.24. Following the transaction, the director owned 47,266 shares in the company, valued at approximately $515,672.06. This trade represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 72.00% of the stock is currently owned by company insiders.

OppFi Stock Performance

Shares of NYSE OPFI opened at $9.23 on Friday. The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $10.11. OppFi Inc. has a 52 week low of $7.54 and a 52 week high of $15.03. The stock has a market cap of $797.13 million, a price-to-earnings ratio of -12.31 and a beta of 1.73.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OPFI. Weiss Ratings reiterated a “sell (d+)” rating on shares of OppFi in a report on Monday, December 29th. Zacks Research downgraded shares of 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, OppFi currently has a consensus rating of “Hold” and a consensus price target of $14.00.

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.