Acuitas Investments LLC Has $3.92 Million Stake in Oportun Financial Corporation (NASDAQ:OPRT)

Acuitas Investments LLC trimmed its stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 37.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 714,392 shares of the company's stock after selling 435,812 shares during the period. Oportun Financial makes up about 3.3% of Acuitas Investments LLC's investment portfolio, making the stock its 7th biggest position. Acuitas Investments LLC owned approximately 1.98% of Oportun Financial worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in shares of Oportun Financial during the fourth quarter valued at $79,000. Two Sigma Investments LP increased its position in Oportun Financial by 10.7% in the fourth quarter. Two Sigma Investments LP now owns 312,561 shares of the company's stock worth $1,213,000 after purchasing an additional 30,201 shares during the period. Two Sigma Advisers LP raised its holdings in Oportun Financial by 11.7% during the 4th 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. OMERS ADMINISTRATION Corp bought a new position in shares of Oportun Financial in the 4th quarter valued at about $121,000. Finally, Millennium Management LLC raised its stake in shares of 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 buying an additional 104,186 shares during the last quarter. 82.70% of the stock is owned by institutional investors.

Oportun Financial Trading Up 1.9%

Shares of OPRT stock traded up $0.13 on Wednesday, hitting $6.87. The stock had a trading volume of 624,595 shares, compared to its average volume of 336,428. The firm has a market cap of $301.39 million, a P/E ratio of -6.13 and a beta of 1.24. Oportun Financial Corporation has a twelve month low of $2.37 and a twelve month high of $9.25. The company has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $5.57.

Analysts Set New Price Targets

OPRT has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Stephens began coverage on Oportun Financial in a research report on Thursday, June 12th. They issued an "overweight" rating and a $10.00 price target on the stock. Sidoti raised Oportun Financial to a "hold" rating in a research note on Thursday, May 1st. Finally, BTIG Research assumed coverage on Oportun Financial in a research note on Wednesday, March 5th. They issued a "buy" rating and a $10.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $8.33.

Oportun Financial Company 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.