Berger Financial Group Inc Sells 8,403 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Berger Financial Group Inc lessened its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,910 shares of the company’s stock after selling 8,403 shares during the quarter. Berger Financial Group Inc owned 0.48% of Oportun Financial worth $671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Telos Capital Management Inc. purchased a new position in shares of Oportun Financial in the fourth quarter worth about $52,000. Barclays PLC increased its stake in Oportun Financial by 26.5% in the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after purchasing an additional 5,114 shares during the period. Flaharty Asset Management LLC lifted its position in Oportun Financial by 11.1% in the fourth quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock valued at $194,000 after purchasing an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Oportun Financial by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company’s stock valued at $321,000 after purchasing an additional 5,901 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Oportun Financial by 59.3% in the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock worth $302,000 after purchasing an additional 40,000 shares during the last quarter. 82.70% of the stock is owned by institutional investors.

Oportun Financial Trading Up 1.8 %

Shares of OPRT opened at $5.13 on Monday. Oportun Financial Co. has a 1-year low of $2.37 and a 1-year high of $9.25. The firm’s 50-day moving average price is $5.68 and its 200-day moving average price is $4.47. The firm has a market capitalization of $185.37 million, a price-to-earnings ratio of -2.55 and a beta of 0.86.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OPRT shares. BTIG Research started coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target for the company. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered their price target on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th.

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.