OppFi Converts Gray Rock Swaps to Direct Receivables Ownership

OppFi ( (OPFI) ) just unveiled an announcement.

On April 10, 2026, OppFi’s lending subsidiaries amended a revolving credit agreement with Midtown Madison Management to expand the states from which bank-partner-originated receivables can be financed and to adjust eligibility and concentration criteria, enabling the facility to absorb receivables tied to a terminated Gray Rock financing structure. As part of this transition, the borrower drew about $46.5 million under the amended facility to purchase the Gray Rock receivables, which were then pledged as collateral, while the transaction left OppFi’s consolidated receivables balance unchanged due to the existing total return swap structure.

On April 15, 2026, OppFi terminated its total return swaps with Midtown that had provided synthetic exposure to a pool of consumer receivables financed under the $75 million Gray Rock credit agreement, following full repayment of the underlying loans at the end of the revolving period. On the same date, OppFi acquired all interests in the Gray Rock receivables without incurring termination penalties and received assignment of the Gray Rock credit agreement rights, effectively converting synthetic exposure into direct ownership and consolidating residual economic benefits within OppFi’s balance sheet.

The most recent analyst rating on (OPFI) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on OppFi stock, see the OPFI Stock Forecast page.

Spark’s Take on OPFI Stock

According to Spark, TipRanks’ AI Analyst, OPFI is a Outperform.

The score is driven primarily by strong cash flow generation and improved profitability, supported by very low valuation. These positives are tempered by weak technical trend/momentum (below major moving averages with negative MACD) and earnings-call risks tied to higher charge-offs/credit stress and macro sensitivity, despite upbeat 2026 guidance.

To see Spark’s full report on OPFI stock, click here.

More about OppFi

OppFi Inc., through its subsidiary Opportunity Financial, LLC, operates in the consumer finance industry, providing technology-enabled credit solutions and servicing consumer receivables originated via bank partners. The company focuses on non-prime consumers, using structured credit facilities and securitization-style arrangements to finance and manage its receivables portfolio.

Average Trading Volume: 468,809

Technical Sentiment Signal: Sell

Current Market Cap: $734.6M

For detailed information about OPFI stock, go to TipRanks’ Stock Analysis page.