SG Americas Securities LLC Purchases New Holdings in Oportun Financial Co. (NASDAQ:OPRT)

SG Americas Securities LLC purchased a new stake in Oportun Financial Co. (NASDAQ:OPRT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,198 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Oportun Financial by 1.9% in the third quarter. BlackRock Inc. now owns 2,799,120 shares of the company’s stock valued at $12,232,000 after buying an additional 52,518 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Oportun Financial by 0.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,123,431 shares of the company’s stock valued at $8,196,000 after acquiring an additional 10,489 shares during the period. Vanguard Group Inc. increased its stake in shares of Oportun Financial by 14.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,441,116 shares of the company’s stock worth $6,298,000 after purchasing an additional 182,620 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Oportun Financial by 6.6% in the 1st quarter. Clearbridge Investments LLC now owns 663,619 shares of the company’s stock valued at $9,530,000 after purchasing an additional 40,911 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Oportun Financial by 5.1% in the 1st quarter. Geode Capital Management LLC now owns 554,904 shares of the company’s stock valued at $2,142,000 after purchasing an additional 27,104 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Stock Down 2.1 %

Shares of OPRT stock opened at $2.29 on Monday. Oportun Financial Co. has a 12-month low of $2.05 and a 12-month high of $7.73. The firm has a 50 day moving average price of $3.05 and a two-hundred day moving average price of $3.68. The company has a market capitalization of $79.14 million, a PE ratio of -0.45 and a beta of 1.26.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.06). The firm had revenue of $262.60 million for the quarter, compared to analyst estimates of $261.64 million. Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. As a group, research analysts expect that Oportun Financial Co. will post -0.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OPRT. Keefe, Bruyette & Woods lowered their price target on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, March 14th. Jefferies Financial Group lowered Oportun Financial from a “buy” rating to a “hold” rating and decreased their target price for the stock from $9.00 to $3.50 in a report on Thursday, March 14th. Finally, JMP Securities restated a “market perform” rating and issued a $6.50 price target on shares of Oportun Financial in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.83.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.