Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Oportun Financial Corporation $OPRT

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Oportun Financial Corporation by 114.1% during the first quarter, now owning approximately 0.90% of the company, valued at about $1.85 million.
• Several hedge funds, including Charles Schwab and Telos Capital Management, have also either initiated or increased their positions in Oportun Financial during recent quarters, indicating strong interest from institutional investors.
• Oportun Financial's stock has seen a trading decline of 2.3% recently, with prices currently around $6.05, while analysts have mixed ratings with an average price target of $9.33.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 114.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,841 shares of the company's stock after buying an additional 179,541 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.90% of Oportun Financial worth $1,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. acquired a new position in Oportun Financial during the fourth quarter worth $319,000. Millennium Management LLC raised its holdings in Oportun Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock worth $5,832,000 after purchasing an additional 104,186 shares during the last quarter. Jane Street Group LLC acquired a new position in Oportun Financial during the fourth quarter worth $219,000. Two Sigma Advisers LP raised its holdings in Oportun Financial by 11.7% during the fourth quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock worth $1,973,000 after purchasing an additional 53,400 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Oportun Financial by 22.5% during the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock worth $1,647,000 after purchasing an additional 77,907 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Oportun Financial Trading Up 3.4%

Shares of NASDAQ:OPRT traded up $0.19 on Thursday, hitting $5.82. The company had a trading volume of 577,649 shares, compared to its average volume of 521,597. Oportun Financial Corporation has a 52-week low of $2.37 and a 52-week high of $9.24. The business has a 50 day moving average of $6.53 and a 200 day moving average of $6.18. The company has a market cap of $256.14 million, a PE ratio of -29.10 and a beta of 1.23.

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.