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Theodore G. Schwartz, a director and ten percent owner of OppFi Inc. (NYSE:OPFI), has recently sold shares of the company, according to a recent SEC filing. The transactions, which took place on March 18 and 19, involved the sale of 159,952 shares of Class A Common Stock at prices ranging from $9.0729 to $9.5738 per share. These sales totaled approximately $1,504,126. The stock, currently trading at $9.91, has shown remarkable momentum with a 310% return over the past year and an 11.6% gain in the last week. According to InvestingPro, the company maintains a GREAT financial health score.
The transactions were conducted under a Rule 10b5-1 trading plan, which Schwartz adopted on December 10, 2024. This type of trading plan allows insiders of publicly traded corporations to set up a predetermined plan to sell company stock in order to avoid accusations of insider trading.
The sales were executed through entities associated with Schwartz, including the LTHS Capital Group LP and LTHS Revocable Trust. Post-transaction, Schwartz’s indirect ownership through these entities reflects the completion of the planned sales, with no shares remaining under the entities involved in these transactions.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.23, significantly beating the forecast of $0.15. The company’s revenue also exceeded predictions, reaching $135.7 million compared to the anticipated $134.98 million. This performance highlights OppFi’s strong financial discipline and effective cost management strategies. Additionally, OppFi’s net originations grew by 11.3% to $213.7 million, while adjusted net income surged by 141% to $20.3 million. The company has projected its total revenue for 2025 to be between $563 million and $594 million, with an expected adjusted net income ranging from $95 million to $97 million. OppFi also recently launched Model 6 to enhance its credit evaluation process, contributing to improved credit quality and operational efficiency. The company has focused on strategic capital allocation, aiming to use its resources for high-return initiatives and potential acquisitions.
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