Catalyst Capital Advisors LLC Sells 19,850 Shares of Opera Limited Sponsored ADR (NASDAQ:OPRA)

Catalyst Capital Advisors LLC lowered its position in Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 59.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,500 shares of the company's stock after selling 19,850 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Opera were worth $215,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OPRA. Bank of New York Mellon Corp acquired a new stake in Opera in the fourth quarter valued at $1,985,000. US Bancorp DE lifted its stake in Opera by 2,065.1% in the fourth quarter. US Bancorp DE now owns 1,364 shares of the company's stock valued at $26,000 after acquiring an additional 1,301 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Opera by 74.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,580 shares of the company's stock worth $30,000 after buying an additional 674 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Opera during the 4th quarter worth about $133,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Opera by 64.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 121,069 shares of the company's stock worth $2,293,000 after buying an additional 47,652 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Stock Performance

Opera stock traded down $0.36 during midday trading on Friday, hitting $19.72. The company's stock had a trading volume of 341,818 shares, compared to its average volume of 516,381. Opera Limited Sponsored ADR has a 1-year low of $10.11 and a 1-year high of $22.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 2.17. The company has a 50-day moving average price of $18.22 and a two-hundred day moving average price of $17.92. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 20.98 and a beta of 0.98.

Opera (NASDAQ:OPRA - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Opera had a net margin of 16.15% and a return on equity of 9.21%. The firm had revenue of $142.72 million for the quarter, compared to analyst estimates of $132.48 million. During the same period last year, the firm earned $0.34 EPS. As a group, sell-side analysts predict that Opera Limited Sponsored ADR will post 0.81 earnings per share for the current year.

Opera Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be issued a $0.40 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 8th. Opera's dividend payout ratio is currently 82.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OPRA shares. Lake Street Capital raised their target price on shares of Opera from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group cut their target price on shares of Opera from $26.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Opera from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Opera presently has a consensus rating of "Buy" and a consensus price target of $24.90.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; 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.