5 Cash-Rich Penny Stocks Hedge Funds Are Buying

3. OppFi Inc. (NYSE:OPFI)

Operating Cashflow (TTM): 219.52M

Number of Hedge Fund Holders: 10

Oppfi is an Illinois-based financial technology company. OppFi Inc. (NYSE:OPFI) says its target market is the 60 million US adults who lack access to traditional credit.

 In the third quarter of 2022, OppFi Inc. (NYSE:OPFI)’s revenue jumped 35% on a YoY basis and beat analyst estimates by a whopping $14.59 million. Receivables in the quarter rose 39% to reach $407.7 million.

As of the end of the third quarter, 10 hedge funds tracked by Insider Monkey reported having stakes in OppFi Inc. (NYSE:OPFI), compared to 7 funds in the previous quarter.