Oportun Financial Co. (NASDAQ:OPRT) Stock Holdings Boosted by Acuitas Investments LLC

Acuitas Investments LLC increased its holdings in shares of Oportun Financial Co. (NASDAQ:OPRT) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,150,204 shares of the company’s stock after acquiring an additional 122,360 shares during the quarter. Oportun Financial makes up about 3.8% of Acuitas Investments LLC’s holdings, making the stock its 2nd largest position. Acuitas Investments LLC owned about 3.20% of Oportun Financial worth $4,463,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OPRT. Geode Capital Management LLC increased its holdings in Oportun Financial by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after acquiring an additional 14,683 shares during the last quarter. RBF Capital LLC raised its stake in shares of Oportun Financial by 82.9% during the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after purchasing an additional 443,177 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Oportun Financial by 59.3% during the 3rd 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 in the last quarter. Empowered Funds LLC increased its holdings in Oportun Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after acquiring an additional 5,628 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Oportun Financial in the third quarter worth $52,000. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Price Performance

NASDAQ:OPRT opened at $7.57 on Tuesday. Oportun Financial Co. has a 1-year low of $2.05 and a 1-year high of $7.75. The business has a 50 day moving average of $4.27 and a 200 day moving average of $3.41. The company has a market capitalization of $272.37 million, a price-to-earnings ratio of -2.29 and a beta of 1.16.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative return on equity of 6.59% and a negative net margin of 12.75%. As a group, sell-side analysts anticipate that Oportun Financial Co. will post -0.08 EPS for the current year.

Insider Activity

In related news, CEO Raul Vazquez purchased 8,844 shares of Oportun Financial stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $3.86 per share, for a total transaction of $34,137.84. Following the completion of the transaction, the chief executive officer now directly owns 1,257,328 shares of the company’s stock, valued at $4,853,286.08. This represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Neil Williams bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $3.87 per share, with a total value of $96,750.00. Following the transaction, the director now directly owns 140,338 shares in the company, valued at approximately $543,108.06. This represents a 21.68 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 41,264 shares of company stock valued at $159,826. Insiders own 9.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Friday. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

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.