Raymond James & Associates Buys New Holdings in Opera Limited (NASDAQ:OPRA)

Raymond James & Associates bought a new stake in Opera Limited (NASDAQ:OPRAFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,348 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP increased its position in Opera by 1,148.5% in the second quarter. Marshall Wace LLP now owns 1,477,432 shares of the company’s stock worth $29,357,000 after purchasing an additional 1,359,092 shares during the period. Acadian Asset Management LLC raised its stake in shares of Opera by 249.2% during the second quarter. Acadian Asset Management LLC now owns 477,792 shares of the company’s stock worth $9,474,000 after buying an additional 340,977 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Opera in the first quarter valued at approximately $2,725,000. Millennium Management LLC boosted its stake in Opera by 22.4% in the fourth quarter. Millennium Management LLC now owns 207,995 shares of the company’s stock valued at $1,308,000 after acquiring an additional 38,022 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Opera by 11.5% during the 2nd quarter. Renaissance Technologies LLC now owns 146,946 shares of the company’s stock worth $648,000 after acquiring an additional 15,146 shares during the period. Institutional investors own 8.83% of the company’s stock.

Opera Stock Performance

OPRA stock opened at $11.32 on Wednesday. Opera Limited has a 1-year low of $6.42 and a 1-year high of $28.58. The business’s 50-day moving average price is $11.87 and its two-hundred day moving average price is $12.88. The firm has a market cap of $1.01 billion, a PE ratio of 15.72 and a beta of 0.76. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Opera Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, January 9th. Investors of record on Wednesday, January 3rd were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a dividend yield of 5.8%. Opera’s dividend payout ratio is presently 108.33%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on Opera in a research note on Wednesday, December 13th. They issued a “buy” rating and a $16.50 price target for the company.

Get Our Latest Research Report on Opera

Opera Profile

(Free Report)

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.

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Institutional Ownership by Quarter for Opera (NASDAQ:OPRA)

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