CenterBook Partners LP Purchases New Position in Oportun Financial Corporation $OPRT

CenterBook Partners LP acquired a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 412,018 shares of the company’s stock, valued at approximately $2,950,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Oportun Financial in the 1st quarter valued at approximately $374,000. Charles Schwab Investment Management Inc. purchased a new stake in Oportun Financial during the 1st quarter valued at $88,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Oportun Financial by 114.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company’s stock worth $1,849,000 after buying an additional 179,541 shares during the last quarter. Berger Financial Group Inc boosted its stake in Oportun Financial by 13.7% during the first quarter. Berger Financial Group Inc now owns 196,543 shares of the company’s stock worth $1,079,000 after buying an additional 23,633 shares during the period. Finally, Informed Momentum Co LLC bought a new position in Oportun Financial during the first quarter valued at $820,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Stock Performance

Oportun Financial stock opened at $4.67 on Friday. Oportun Financial Corporation has a fifty-two week low of $2.98 and a fifty-two week high of $9.24. The company has a market capitalization of $206.09 million, a PE ratio of 7.08 and a beta of 1.35. The company has a 50 day moving average price of $5.57 and a 200-day moving average price of $6.21.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.26 by $0.13. Oportun Financial had a return on equity of 17.61% and a net margin of 3.19%.The company had revenue of $238.69 million for the quarter, compared to the consensus estimate of $238.52 million. On average, analysts forecast that Oportun Financial Corporation will post 0.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $6.00 target price (down previously from $8.00) on shares of Oportun Financial in a research note on Tuesday, October 7th. Zacks Research lowered shares of Oportun Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday. Finally, Wall Street Zen cut Oportun Financial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Oportun Financial presently has an average rating of “Hold” and a consensus target price of $8.67.

Insider Buying and Selling at Oportun Financial

In related news, insider Kathleen I. Layton sold 4,214 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the sale, the insider directly owned 159,184 shares of the company’s stock, valued at $1,056,981.76. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is owned by insiders.

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.