Blair William & Co. IL Makes New $39,000 Investment in Open Lending Corporation $LPRO

Blair William & Co. IL acquired a new position in Open Lending Corporation (NASDAQ:LPRO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in shares of Open Lending during the first quarter worth approximately $32,000. Ballentine Partners LLC purchased a new position in shares of Open Lending during the second quarter worth approximately $40,000. Teacher Retirement System of Texas purchased a new position in shares of Open Lending during the first quarter worth approximately $41,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Open Lending during the first quarter valued at approximately $43,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Open Lending during the second quarter valued at approximately $44,000. Institutional investors own 78.06% of the company’s stock.

Open Lending Trading Up 4.8%

Shares of Open Lending stock opened at $1.95 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 5.67 and a quick ratio of 5.67. The firm has a fifty day moving average price of $2.13 and a 200 day moving average price of $1.94. Open Lending Corporation has a 1 year low of $0.70 and a 1 year high of $6.92. The stock has a market cap of $230.43 million, a PE ratio of -1.65 and a beta of 1.94.

Open Lending (NASDAQ:LPRO) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $25.31 million for the quarter, compared to analysts’ expectations of $23.63 million. Equities research analysts predict that Open Lending Corporation will post 0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LPRO has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Open Lending in a research note on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating and set a $2.80 price objective (up from $2.50) on shares of Open Lending in a research note on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.10.

About Open Lending

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.