Boston Partners Makes New Investment in Oportun Financial Corporation $OPRT

Key Points

• Boston Partners purchased 496,873 shares of Oportun Financial Corporation valued at approximately $2.7 million, now owning 1.33% of the company.
• Oportun Financial has seen significant purchases from other hedge funds, with a total of 82.70% of its stock currently owned by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for Oportun Financial, along with an average target price of $9.33.

Boston Partners acquired a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 496,873 shares of the company's stock, valued at approximately $2,728,000. Boston Partners owned approximately 1.33% of Oportun Financial as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in OPRT. Connor Clark & Lunn Investment Management Ltd. raised its position in Oportun Financial by 114.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company's stock worth $1,849,000 after purchasing an additional 179,541 shares during the period. Informed Momentum Co LLC bought a new stake in Oportun Financial in the 1st quarter worth $820,000. Millennium Management LLC boosted its stake in shares of Oportun Financial by 7.4% during the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock valued at $5,832,000 after purchasing an additional 104,186 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Oportun Financial during the 4th quarter valued at about $319,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 22.5% during the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.

Oportun Financial Stock Up 3.9%

NASDAQ OPRT traded up $0.2250 during trading hours on Friday, hitting $6.0450. 133,512 shares of the company were exchanged, compared to its average volume of 530,049. The stock has a market cap of $266.04 million, a PE ratio of -30.23 and a beta of 1.23. The stock has a 50-day moving average price of $6.53 and a 200 day moving average price of $6.18. Oportun Financial Corporation has a 52 week low of $2.37 and a 52 week high of $9.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OPRT shares. JPMorgan Chase & Co. boosted their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Sidoti upgraded shares of Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Stephens began coverage on shares of Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price objective on the stock. Finally, Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $9.33.

Oportun Financial Company 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.