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Theodore G. Schwartz, a director and significant shareholder in OppFi Inc. (NYSE:OPFI), recently sold a substantial amount of the company’s stock. According to a recent filing, Schwartz sold shares worth approximately $1.58 million over two days, March 20 and March 21, 2025. The sale comes as OppFi’s stock has shown remarkable performance, with a 341.8% return over the past year and a market capitalization of $945.87 million, according to InvestingPro data.
The transactions involved the sale of Class A Common Stock at prices ranging from $9.5987 to $9.8976 per share. On March 20, Schwartz sold 68,606 shares, and on March 21, he sold an additional 39,176 shares. These sales were executed under a pre-arranged Rule 10b5-1 trading plan, which Schwartz adopted in December 2024. The stock currently trades at $10.93, slightly above InvestingPro’s Fair Value estimate, with notable price volatility.
Prior to these sales, Schwartz converted Class V Common Stock and Class A Common Units into Class A Common Stock. These conversions were part of his exercise of Exchange Rights, allowing the swap of non-economic, voting shares for economic, non-voting shares in OppFi Inc.
The transactions reflect Schwartz’s ongoing management of his holdings in OppFi through entities like LTHS Capital Group LP and LTHS Revocable Trust. The sales were conducted in accordance with SEC regulations, ensuring transparency and compliance.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, which exceeded market expectations. The company achieved an earnings per share (EPS) of $0.23, surpassing the forecasted $0.15, and reported revenue of $135.7 million, beating the anticipated $134.98 million. This performance reflects a 2.1% year-over-year revenue increase and a 141% surge in adjusted net income to $20.3 million. OppFi’s full-year 2024 results also showed growth, with total revenue reaching $526 million, a 3.3% increase from the previous year, and adjusted net income rising by 99% to $82.7 million. The company has projected its 2025 revenue to be between $563 million and $594 million, with adjusted net income expected to range from $95 million to $97 million. Additionally, OppFi launched Model 6 to enhance its credit evaluation process, contributing to improved credit quality and operational efficiency. The company also reduced its corporate debt by utilizing excess cash, indicating a strong financial position.
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