Oportun Financial Co. (NASDAQ:OPRT) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its position in Oportun Financial Co. (NASDAQ:OPRT) by 37.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,738 shares of the company’s stock after selling 37,146 shares during the quarter. Walleye Capital LLC’s holdings in Oportun Financial were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OPRT. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Oportun Financial in the 3rd quarter worth $52,000. Flaharty Asset Management LLC lifted its holdings in Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after buying an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after buying an additional 15,000 shares in the last quarter. Empowered Funds LLC lifted its holdings in Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after buying an additional 5,628 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after buying an additional 31,415 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oportun Financial currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Insider Transactions at Oportun Financial

In related news, insider Patrick Kirscht sold 8,403 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $3.80, for a total transaction of $31,931.40. Following the completion of the sale, the insider now owns 333,360 shares of the company’s stock, valued at $1,266,768. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Raul Vazquez acquired 8,844 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $3.86 per share, with a total value of $34,137.84. Following the transaction, the chief executive officer now owns 1,257,328 shares in the company, valued at approximately $4,853,286.08. The trade was a 0.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.30% of the company’s stock.

Oportun Financial Stock Performance

OPRT opened at $3.86 on Thursday. The company has a 50-day moving average of $3.05 and a 200-day moving average of $2.98. The company has a market capitalization of $138.85 million, a P/E ratio of -1.17 and a beta of 1.17. Oportun Financial Co. has a 1-year low of $2.05 and a 1-year high of $4.60.

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.