State of New Jersey Common Pension Fund D boosted its position in shares of Open Lending Co. (NASDAQ:LPRO – Get Rating) by 16.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,281 shares of the company’s stock after acquiring an additional 24,535 shares during the period. State of New Jersey Common Pension Fund D owned 0.14% of Open Lending worth $1,773,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Open Lending during the 1st quarter worth $41,000. Nisa Investment Advisors LLC lifted its position in Open Lending by 182.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $43,000 after acquiring an additional 1,460 shares during the last quarter. Carl Stuart Investment Advisor Inc. acquired a new position in Open Lending during the 1st quarter worth $56,000. Aaron Wealth Advisors LLC acquired a new position in Open Lending during the 1st quarter worth $219,000. Finally, PNC Financial Services Group Inc. lifted its position in Open Lending by 51.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,665 shares of the company’s stock worth $89,000 after acquiring an additional 1,591 shares during the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.
Open Lending Price Performance
Shares of Open Lending stock opened at $7.19 on Friday. The company has a current ratio of 16.68, a quick ratio of 18.48 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $907.51 million, a price-to-earnings ratio of 9.22 and a beta of 0.67. Open Lending Co. has a 1-year low of $6.11 and a 1-year high of $31.60. The firm’s 50-day moving average price is $8.06 and its two-hundred day moving average price is $10.31.
Wall Street Analysts Forecast Growth
Open Lending Profile
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers.
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