Northern Trust Corp Has $5.80 Million Holdings in Open Lending Co. (NASDAQ:LPRO)

Northern Trust Corp increased its position in shares of Open Lending Co. (NASDAQ:LPRO) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 970,663 shares of the company’s stock after acquiring an additional 95,723 shares during the quarter. Northern Trust Corp owned 0.81% of Open Lending worth $5,795,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Two Sigma Securities LLC increased its stake in Open Lending by 26.9% in the 4th quarter. Two Sigma Securities LLC now owns 23,401 shares of the company’s stock valued at $140,000 after buying an additional 4,962 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Open Lending by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,655,364 shares of the company’s stock valued at $75,554,000 after buying an additional 920,630 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Open Lending in the 4th quarter valued at approximately $327,000. MetLife Investment Management LLC increased its stake in Open Lending by 13.1% in the 4th quarter. MetLife Investment Management LLC now owns 68,413 shares of the company’s stock valued at $408,000 after buying an additional 7,930 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Open Lending by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,609,727 shares of the company’s stock valued at $9,608,000 after buying an additional 24,752 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Stock Performance

LPRO stock opened at $2.05 on Wednesday. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $245.56 million, a price-to-earnings ratio of 68.33 and a beta of 1.79. Open Lending Co. has a 12 month low of $0.70 and a 12 month high of $6.97. The firm has a 50 day moving average of $1.78 and a two-hundred day moving average of $4.36.

Open Lending (NASDAQ:LPRO) last posted its earnings results on Wednesday, May 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $24.39 million during the quarter, compared to the consensus estimate of $24.78 million. Open Lending had a net margin of 4.78% and a return on equity of 2.15%. As a group, equities analysts anticipate that Open Lending Co. will post 0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $4.00 price objective on shares of Open Lending in a research note on Wednesday, April 16th. Needham & Company LLC upped their price objective on shares of Open Lending from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Friday, May 9th. Jefferies Financial Group lowered shares of Open Lending from a “buy” rating to a “hold” rating and dropped their price objective for the company from $8.00 to $3.70 in a research note on Thursday, March 20th. Finally, Citizens Jmp started coverage on shares of Open Lending in a research note on Friday, April 4th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.44.

Insider Buying and Selling

In other news, CEO Jessica E. Buss acquired 12,975 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $1.93 per share, with a total value of $25,041.75. Following the acquisition, the chief executive officer now owns 46,446 shares in the company, valued at approximately $89,640.78. This represents a 38.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.20% of the stock is owned by insiders.

Open Lending Company Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.