AWH Capital L.P. Makes New Investment in Open Lending Corporation $LPRO

Key Points

• AWH Capital L.P. made a new investment of $428,000 in Open Lending Corporation, acquiring 155,000 shares, which represents 0.6% of AWH Capital's holdings.
• Major institutional investors have also recently acquired stakes in Open Lending, leading to 78.06% ownership by such entities.
• Open Lending's stock has a consensus rating of "Moderate Buy" with an average target price of $3.10, indicating bullish sentiment among analysts.

AWH Capital L.P. acquired a new position in shares of Open Lending Corporation (NASDAQ:LPRO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 155,000 shares of the company's stock, valued at approximately $428,000. Open Lending makes up 0.6% of AWH Capital L.P.'s holdings, making the stock its 20th biggest holding. AWH Capital L.P. owned about 0.13% of Open Lending at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new stake in shares of Open Lending in the 1st quarter valued at $8,139,000. Barclays PLC grew its stake in Open Lending by 8.4% during the 4th quarter. Barclays PLC now owns 183,270 shares of the company's stock worth $1,094,000 after purchasing an additional 14,246 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Open Lending by 58.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 77,055 shares of the company's stock worth $213,000 after purchasing an additional 28,369 shares in the last quarter. Deutsche Bank AG grew its stake in Open Lending by 52.2% during the 4th quarter. Deutsche Bank AG now owns 95,160 shares of the company's stock worth $568,000 after purchasing an additional 32,634 shares in the last quarter. Finally, Working Capital Advisors UK Ltd. grew its stake in Open Lending by 6.8% during the 1st quarter. Working Capital Advisors UK Ltd. now owns 9,753,997 shares of the company's stock worth $26,921,000 after purchasing an additional 619,060 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

Wall Street Analysts Forecast Growth

LPRO has been the subject of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $2.80 price objective (up from $2.50) on shares of Open Lending in a research report on Thursday, August 7th. Stephens assumed coverage on Open Lending in a report on Thursday, June 12th. They issued an "equal weight" rating and a $2.50 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Open Lending presently has an average rating of "Moderate Buy" and a consensus target price of $3.10.

Open Lending Price Performance

LPRO stock remained flat at $2.26 during midday trading on Friday. The company's stock had a trading volume of 401,637 shares, compared to its average volume of 616,655. The company has a debt-to-equity ratio of 1.63, a current ratio of 5.67 and a quick ratio of 5.67. The stock's fifty day moving average price is $2.26 and its 200 day moving average price is $2.32. Open Lending Corporation has a 12 month low of $0.70 and a 12 month high of $6.92. The stock has a market cap of $267.07 million, a price-to-earnings ratio of -1.92 and a beta of 1.83.

Open Lending (NASDAQ:LPRO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The business had revenue of $25.31 million during the quarter, compared to the consensus estimate of $23.63 million. Research analysts predict that Open Lending Corporation will post 0.1 EPS for the current year.

Open Lending Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.