Acadian Asset Management LLC raised its holdings in Oportun Financial Co. (NASDAQ:OPRT – Get Rating) by 189.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,330 shares of the company’s stock after acquiring an additional 42,762 shares during the period. Acadian Asset Management LLC’s holdings in Oportun Financial were worth $1,322,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dorsey Wright & Associates acquired a new position in shares of Oportun Financial during the 4th quarter worth approximately $43,000. Citigroup Inc. increased its stake in shares of Oportun Financial by 92.2% in the 3rd quarter. Citigroup Inc. now owns 2,291 shares of the company’s stock worth $57,000 after acquiring an additional 1,099 shares during the last quarter. Concourse Financial Group Securities Inc. purchased a new position in shares of Oportun Financial during the 4th quarter worth $60,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Oportun Financial by 46.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,578 shares of the company’s stock valued at $94,000 after acquiring an additional 1,448 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its holdings in shares of Oportun Financial by 7.4% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 10,404 shares of the company’s stock valued at $211,000 after purchasing an additional 718 shares during the period. 70.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Louis Miramontes sold 5,357 shares of Oportun Financial stock in a transaction on Monday, March 14th. The stock was sold at an average price of $13.76, for a total value of $73,712.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.60% of the stock is currently owned by corporate insiders.
Oportun Financial (NASDAQ:OPRT – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.98. The firm had revenue of $214.70 million during the quarter, compared to analysts’ expectations of $198.40 million. Oportun Financial had a net margin of 12.76% and a return on equity of 18.01%. The business’s quarterly revenue was up 58.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. On average, sell-side analysts anticipate that Oportun Financial Co. will post 1.95 EPS for the current fiscal year.
Several research firms have weighed in on OPRT. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $27.00 to $23.00 in a report on Wednesday, January 19th. Zacks Investment Research upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a research report on Wednesday. Loop Capital started coverage on Oportun Financial in a report on Monday, March 14th. They set a “buy” rating and a $24.00 price target for the company. Finally, BTIG Research restated a “buy” rating and issued a $27.00 price objective on shares of Oportun Financial in a report on Thursday, April 14th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oportun Financial presently has a consensus rating of “Buy” and an average target price of $24.00.
Oportun Financial Profile (Get Rating)
Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia.
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