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Theodore Schwartz, a director and significant shareholder of OppFi Inc. (NYSE:OPFI), reported the sale of shares valued at approximately $1.45 million, according to a recent SEC filing. The transactions occurred on March 14 and March 17, 2025, with shares sold at prices ranging from $9.1295 to $9.131 each. The fintech company, currently valued at $789 million, has demonstrated strong financial health according to InvestingPro analysis, with its stock surging nearly 294% over the past year.
The sales were conducted under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a schedule for selling shares to avoid any concerns of insider trading.
In the transactions, Schwartz disposed of 53,175 shares on March 14 and another 53,040 shares on March 17 through LTHS Capital Group LP, as well as 26,587 shares on March 14 and 26,519 shares on March 17 through LTHS Revocable Trust. This activity follows the exercise of exchange rights, where equivalent numbers of Class A Common Units were converted into Class A Common Stock.
The filing also noted that Schwartz’s transactions involved the cancellation of Class V Common Stock, which represents voting, non-economic interests in OppFi. These shares were canceled in connection with the exercise of exchange rights for Class A Common Units of Opportunity (SO:FTCE11B) Financial, LLC, a subsidiary of OppFi.
Following these transactions, Schwartz continues to hold a significant number of shares indirectly through various entities.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.23 compared to the forecast of $0.15. The company also exceeded revenue predictions, achieving $135.7 million against the anticipated $134.98 million. These results reflect a 2.1% year-over-year increase in total revenue and a significant 141% rise in adjusted net income to $20.3 million. OppFi’s full-year 2024 revenue reached $526 million, marking a 3.3% increase, with adjusted net income nearly doubling to $82.7 million. The company has projected 2025 revenue between $563 million and $594 million, with adjusted net income expected to range from $95 million to $97 million. Additionally, OppFi launched Model 6 for enhanced credit evaluation, contributing to improved credit quality and operational efficiency. The company also announced the successful paydown of corporate debt, emphasizing its financial strength and growth potential. Analysts from firms such as Northland Securities have noted the company’s strong performance and strategic growth initiatives.
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