Two Sigma Advisers LP Has $1.97 Million Holdings in Oportun Financial Co. (NASDAQ:OPRT)

Two Sigma Advisers LP increased its stake in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,500 shares of the company's stock after purchasing an additional 53,400 shares during the quarter. Two Sigma Advisers LP owned approximately 1.41% of Oportun Financial worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OPRT. Telos Capital Management Inc. acquired a new position in Oportun Financial during the 4th quarter worth approximately $52,000. Empowered Funds LLC increased its position in Oportun Financial by 5.1% during the 4th quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock worth $451,000 after purchasing an additional 5,608 shares in the last quarter. Acuitas Investments LLC increased its position in Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after purchasing an additional 122,360 shares in the last quarter. Flaharty Asset Management LLC increased its position in Oportun Financial by 11.1% in the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company's stock valued at $194,000 after acquiring an additional 5,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock valued at $610,000 after acquiring an additional 138,735 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Price Performance

Shares of OPRT traded up $0.18 during trading hours on Tuesday, hitting $6.47. 24,983 shares of the stock were exchanged, compared to its average volume of 282,605. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The business has a 50-day moving average of $5.53 and a 200-day moving average of $5.10. The firm has a market capitalization of $242.63 million, a P/E ratio of -3.22 and a beta of 1.23.

Wall Street Analyst Weigh In

OPRT has been the subject of several recent research reports. JMP Securities restated a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. BTIG Research initiated coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They issued a "buy" rating and a $10.00 price target for the company. Sidoti upgraded shares of Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.50.

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.