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Christopher J. McKay, the Chief Risk & Analytics Officer at OppFi Inc. (NYSE:OPFI), recently sold shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The transactions, executed under a pre-established Rule 10b5-1 trading plan, occurred on April 9 and April 10.
On April 9, McKay sold 10,377 shares at a price of $7.83 each. The following day, he sold an additional 10,380 shares at $8.40 per share. These sales amounted to a total value of $168,443. Following these transactions, McKay retains ownership of 196,287 shares in the company. The stock currently trades at $8.47, with a market capitalization of approximately $729 million. Get deeper insights into insider trading patterns and comprehensive analysis with InvestingPro, which offers exclusive access to detailed financial metrics and expert research reports.
These sales were part of a planned trading strategy, as noted in the filing, which McKay adopted on December 10, 2024. The company is scheduled to report its next earnings on May 8, 2025, which could provide further insight into its financial performance and strategic direction.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.23, surpassing the forecasted $0.15, and its revenue reached $135.7 million, slightly above the anticipated $134.98 million. This strong performance highlights OppFi’s effective financial strategies and innovations in credit evaluation. Additionally, the company has launched Model 6 to enhance its credit evaluation process, which has contributed to improved financial metrics.
OppFi’s net originations grew by 11.3% to $213.7 million, while adjusted net income surged by 141% to $20.3 million. For the full year 2024, OppFi’s revenue increased by 3.3% to $526 million, with adjusted net income rising by 99% to $82.7 million. 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 continues to focus on strategic capital allocation and operational efficiency to drive future growth.
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