Oportun Financial Corporation (NASDAQ:OPRT) Shares Sold by Acuitas Investments LLC

Acuitas Investments LLC cut its stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 37.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,392 shares of the company's stock after selling 435,812 shares during the quarter. Oportun Financial comprises approximately 3.3% of Acuitas Investments LLC's investment portfolio, making the stock its 7th biggest holding. Acuitas Investments LLC owned 1.98% of Oportun Financial worth $3,922,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new position in Oportun Financial during the fourth quarter valued at $79,000. Balyasny Asset Management L.P. purchased a new stake in shares of Oportun Financial during the 4th quarter worth about $80,000. Barclays PLC grew its position in shares of Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company's stock valued at $96,000 after acquiring an additional 5,114 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Oportun Financial in the 4th quarter valued at about $121,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Oportun Financial in the 4th quarter valued at about $148,000. 82.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPRT has been the topic of a number of recent analyst reports. Sidoti upgraded Oportun Financial to a "hold" rating in a research report on Thursday, May 1st. Stephens assumed coverage on Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price objective 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

Oportun Financial Stock Performance

Shares of OPRT traded up $0.22 during trading hours on Friday, hitting $7.09. 340,245 shares of the stock were exchanged, compared to its average volume of 339,899. The stock's 50-day moving average price is $6.57 and its two-hundred day moving average price is $5.63. Oportun Financial Corporation has a 12-month low of $2.37 and a 12-month high of $9.25. The company has a market cap of $310.82 million, a price-to-earnings ratio of -6.33 and a beta of 1.24.

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.