OppFi director Theodore Schwartz sells shares worth $579,373

CHICAGO—Theodore G. Schwartz, a director and significant shareholder of OppFi Inc. (NYSE:OPFI), reported selling shares worth approximately $579,373, according to a recent SEC filing. The transactions, which took place on April 15 and 16, involved the sale of Class A Common Stock at prices ranging from $8.2872 to $8.451 per share. The sales come as OppFi shows strong momentum, with the stock up over 200% in the past year and maintaining a "GREAT" overall financial health score according to InvestingPro analysis.

The sales were conducted under a pre-established Rule 10b5-1 trading plan. On April 15, Schwartz sold 22,862 shares through LTHS Capital Group LP and 11,431 shares through LTHS Revocable Trust. The following day, he sold an additional 23,294 shares through LTHS Capital Group LP and 11,647 shares through LTHS Revocable Trust. The company maintains strong fundamentals with a healthy current ratio of 8.58x and revenue growth of 22% in the last twelve months.

These transactions were part of a broader series of exchanges and sales involving Class A Common Stock and Class V Common Stock, which represent voting, non-economic interests in OppFi. The exchanges were executed in connection with the exercise of certain exchange rights, allowing for the conversion of Class A Common Units into Class A Common Stock.

Schwartz’s actions are part of his ongoing management of his holdings in OppFi, a company specializing in financial services, with its headquarters in Chicago.

In other recent news, OppFi Inc. reported impressive fourth-quarter 2024 earnings, surpassing market expectations. The company achieved an earnings per share of $0.23, significantly exceeding the forecast of $0.15, while revenue reached $135.7 million, outpacing the anticipated $134.98 million. OppFi’s strong financial performance was attributed to its innovative strategies and effective cost management. Additionally, the company launched Model 6, enhancing its credit evaluation capabilities. For the full year 2024, OppFi reported revenue of $526 million, an increase of 3.3% year-over-year, and adjusted net income of $82.7 million, marking a 99% year-over-year growth. Looking ahead, OppFi projects 2025 revenue between $563 million and $594 million, with adjusted net income expected to range from $95 million to $97 million. The company also emphasized its focus on strategic capital allocation and potential partnerships to drive future growth.

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