Jacobs Levy Equity Management Inc. Decreases Stock Holdings in Oportun Financial Co. (NASDAQ:OPRT)

Jacobs Levy Equity Management Inc. lowered its stake in Oportun Financial Co. (NASDAQ:OPRT) by 36.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,118 shares of the company’s stock after selling 100,135 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.49% of Oportun Financial worth $495,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OPRT. Acuitas Investments LLC purchased a new position in shares of Oportun Financial in the 2nd quarter worth $1,577,000. Millennium Management LLC boosted its position in Oportun Financial by 26.4% in the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after purchasing an additional 314,553 shares during the last quarter. Long Focus Capital Management LLC grew its stake in shares of Oportun Financial by 6.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock valued at $5,048,000 after purchasing an additional 99,197 shares during the period. Marshall Wace LLP grew its stake in shares of Oportun Financial by 53.3% during the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after purchasing an additional 95,637 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after purchasing an additional 31,415 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Trading Up 0.2 %

NASDAQ OPRT opened at $4.01 on Tuesday. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $4.60. The stock has a market cap of $144.24 million, a price-to-earnings ratio of -1.22 and a beta of 1.17. The company’s 50 day moving average is $3.01 and its two-hundred day moving average is $2.97.

Wall Street Analyst Weigh In

OPRT has been the subject of several recent research reports. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Insider Transactions at Oportun Financial

In other news, CEO Raul Vazquez bought 8,844 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $3.86 per share, with a total value of $34,137.84. Following the acquisition, the chief executive officer now owns 1,257,328 shares of the company’s stock, valued at approximately $4,853,286.08. This represents a 0.71 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.30% of the company’s stock.

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.