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Christopher J. McKay, the Chief Risk & Analytics Officer at OppFi Inc. (NYSE:OPFI), recently sold shares in the company valued at approximately $173,710. The transactions, executed under a pre-established Rule 10b5-1 trading plan, occurred on April 3 and April 4, 2025.
On April 3, McKay sold 10,377 shares of OppFi's Class A Common Stock at a price of $9 per share. The following day, he sold an additional 10,377 shares at $7.74 per share. Following these transactions, McKay retains ownership of 237,798 shares in the company. The stock currently trades near its Fair Value, according to InvestingPro analysis, with the platform's Financial Health Score indicating GREAT overall company performance.
These sales were part of a strategic trading plan that McKay adopted on December 10, 2024, allowing for the systematic sale of shares. The total value of these sales reflects the current market conditions and McKay's ongoing financial planning strategy. With a market capitalization of $704 million and strong revenue growth of 22% in the last twelve months, OppFi continues to show promising fundamentals. Discover more detailed insights and 12 additional ProTips with an InvestingPro subscription.
In other recent news, OppFi Inc. reported its fourth-quarter 2024 earnings, surpassing market expectations with an earnings per share (EPS) of $0.23, notably higher than the forecasted $0.15. Revenue for the quarter also exceeded predictions, reaching $135.7 million compared to the anticipated $134.98 million. The company's strong financial discipline led to reduced expenses and interest costs, contributing to these positive results. 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 reported revenue of $526 million, a 3.3% increase year-over-year, and adjusted net income of $82.7 million, up 99% from the previous year. Looking ahead, OppFi projects 2025 revenue between $563 million and $594 million and adjusted net income ranging from $95 million to $97 million. The company has also launched Model 6 to enhance its credit evaluation process. Additionally, OppFi has recently paid down corporate debt, demonstrating its strong balance sheet and financial strength.
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