Diversify Advisory Services LLC Acquires 159,895 Shares of OppFi Inc. $OPFI

Diversify Advisory Services LLC grew its holdings in shares of OppFi Inc. (NYSE:OPFI) by 98.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,636 shares of the company’s stock after buying an additional 159,895 shares during the quarter. Diversify Advisory Services LLC owned 0.37% of OppFi worth $3,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of OppFi by 163.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 780,258 shares of the company’s stock worth $8,840,000 after acquiring an additional 483,859 shares during the last quarter. Globeflex Capital L P boosted its stake in OppFi by 78.1% during the 2nd quarter. Globeflex Capital L P now owns 334,441 shares of the company’s stock valued at $4,679,000 after purchasing an additional 146,645 shares during the last quarter. Quantbot Technologies LP boosted its stake in OppFi by 1,462.8% during the 3rd quarter. Quantbot Technologies LP now owns 135,382 shares of the company’s stock valued at $1,534,000 after purchasing an additional 126,719 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in OppFi by 191.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock worth $1,767,000 after purchasing an additional 124,744 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in OppFi by 161.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 186,277 shares of the company’s stock worth $2,606,000 after purchasing an additional 115,116 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OPFI shares. Zacks Research lowered OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of OppFi in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.00.

OppFi Price Performance

OPFI opened at $9.14 on Tuesday. OppFi Inc. has a fifty-two week low of $7.54 and a fifty-two week high of $15.03. The firm has a market capitalization of $788.90 million, a P/E ratio of -12.18 and a beta of 1.73. The company’s 50-day moving average is $9.58 and its 200 day moving average is $10.10.

Insider Buying and Selling

In other OppFi news, Director Jocelyn Moore sold 4,464 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $10.91, for a total value of $48,702.24. Following the completion of the sale, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 72.00% of the company’s stock.

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.