Oportun Financial Co. (NASDAQ:OPRT) Shares Sold by EMG Holdings L.P.

EMG Holdings L.P. cut its stake in Oportun Financial Co. (NASDAQ:OPRT) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 623,223 shares of the company’s stock after selling 88,408 shares during the period. Oportun Financial comprises about 1.4% of EMG Holdings L.P.’s holdings, making the stock its 15th largest holding. EMG Holdings L.P. owned about 1.73% of Oportun Financial worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company’s stock valued at $610,000 after purchasing an additional 138,735 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after purchasing an additional 14,683 shares in the last quarter. Empowered Funds LLC increased its holdings in Oportun Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock valued at $451,000 after buying an additional 5,608 shares during the last quarter. RBF Capital LLC raised its stake in Oportun Financial by 82.9% in the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after buying an additional 443,177 shares in the last quarter. Finally, Acuitas Investments LLC lifted its holdings in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock worth $4,463,000 after buying an additional 122,360 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Stock Up 0.7 %

Shares of NASDAQ:OPRT opened at $5.53 on Wednesday. The firm’s 50-day simple moving average is $5.95 and its 200-day simple moving average is $4.22. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $9.25. The company has a market cap of $199.82 million, a price-to-earnings ratio of -2.75 and a beta of 1.13.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a positive return on equity of 5.49% and a negative net margin of 7.86%. On average, research analysts forecast that Oportun Financial Co. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

OPRT has been the topic of a number of recent analyst reports. BTIG Research assumed coverage on Oportun Financial in a report on Wednesday, March 5th. They issued a “buy” rating and a $10.00 price objective on the stock. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th.

Oportun Financial Profile

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.