GSA Capital Partners LLP Takes Position in Open Lending Corporation $LPRO

GSA Capital Partners LLP acquired a new position in shares of Open Lending Corporation (NASDAQ:LPRO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 604,999 shares of the company’s stock, valued at approximately $1,882,000. GSA Capital Partners LLP owned about 0.51% of Open Lending as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC grew its position in Open Lending by 84.0% during the first quarter. AQR Capital Management LLC now owns 23,683 shares of the company’s stock valued at $65,000 after acquiring an additional 10,812 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Open Lending during the first quarter worth about $43,000. Caxton Associates LLP purchased a new position in shares of Open Lending in the 1st quarter worth about $54,000. Jane Street Group LLC raised its holdings in shares of Open Lending by 2,751.6% in the 1st quarter. Jane Street Group LLC now owns 430,391 shares of the company’s stock worth $1,188,000 after purchasing an additional 415,298 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Open Lending by 4.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,564,948 shares of the company’s stock valued at $4,977,000 after purchasing an additional 98,515 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LPRO. Wall Street Zen upgraded Open Lending to a “sell” rating in a report on Saturday, August 1st. Northland Securities set a $3.15 price target on shares of Open Lending in a report on Wednesday, June 17th. DA Davidson reaffirmed a “neutral” rating and set a $3.15 price target (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Open Lending in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $2.77.

Open Lending Stock Performance

Shares of LPRO opened at $3.14 on Monday. Open Lending Corporation has a 12 month low of $1.17 and a 12 month high of $3.15. The stock’s 50-day moving average is $3.01 and its two-hundred day moving average is $2.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.44 and a quick ratio of 4.44. The stock has a market cap of $369.50 million, a PE ratio of -78.50 and a beta of 2.19.

Open Lending Profile

Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company’s solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.

The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.