Acadian Asset Management LLC Increases Stock Holdings in Oportun Financial Corporation $OPRT

Acadian Asset Management LLC grew its stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,069,116 shares of the company’s stock after purchasing an additional 13,842 shares during the quarter. Acadian Asset Management LLC owned approximately 2.44% of Oportun Financial worth $7,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OPRT. Boston Partners purchased a new position in shares of Oportun Financial in the 1st quarter valued at $2,728,000. Millennium Management LLC boosted its stake in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after acquiring an additional 433,827 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Oportun Financial by 499.3% during the first quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock worth $1,721,000 after purchasing an additional 261,147 shares during the last quarter. Walleye Capital LLC grew its holdings in shares of Oportun Financial by 374.2% during the first quarter. Walleye Capital LLC now owns 294,039 shares of the company’s stock worth $1,614,000 after purchasing an additional 232,035 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Oportun Financial by 114.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company’s stock worth $1,849,000 after purchasing an additional 179,541 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Trading Up 2.1%

Shares of OPRT stock opened at $4.84 on Thursday. The business’s 50 day moving average is $5.83 and its two-hundred day moving average is $6.24. Oportun Financial Corporation has a twelve month low of $2.82 and a twelve month high of $9.24. The company has a market capitalization of $213.59 million, a P/E ratio of 7.33 and a beta of 1.35.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.17 EPS for the quarter. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%.The business had revenue of $266.56 million during the quarter. As a group, equities analysts predict that Oportun Financial Corporation will post 0.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OPRT shares. Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Oportun Financial in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $6.00 price objective (down from $8.00) on shares of Oportun Financial in a report on Tuesday, October 7th. Finally, Wall Street Zen lowered shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Insider Activity at Oportun Financial

In other news, insider Kathleen I. Layton sold 4,214 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the sale, the insider owned 159,184 shares in the company, valued at approximately $1,056,981.76. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.30% of the company’s stock.

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.