Samalin Investment Counsel LLC Increases Position in Opera Limited Sponsored ADR $OPRA

Key Points

• Samalin Investment Counsel LLC increased its stake in Opera Limited by 34.3%, now owning approximately $1,094,000 worth of shares.
• Analysts have mixed opinions on Opera with Lake Street Capital raising the stock's price target to $24.00, while Wall Street Zen downgraded it to a hold rating.
• Opera recently announced a semi-annual dividend of $0.40, translating to a yield of 410.0%, with a dividend payout ratio of 87.64%.

Samalin Investment Counsel LLC boosted its stake in shares of Opera Limited Sponsored ADR (NASDAQ:OPRA - Free Report) by 34.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,604 shares of the company's stock after purchasing an additional 17,524 shares during the quarter. Samalin Investment Counsel LLC owned 0.08% of Opera worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OPRA. Vident Advisory LLC raised its stake in shares of Opera by 11.0% during the 4th quarter. Vident Advisory LLC now owns 16,056 shares of the company's stock worth $304,000 after purchasing an additional 1,596 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Opera by 24.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,000 shares of the company's stock valued at $271,000 after buying an additional 3,300 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Opera during the fourth quarter worth about $201,000. GAMMA Investing LLC raised its position in shares of Opera by 1,172.0% during the first quarter. GAMMA Investing LLC now owns 43,628 shares of the company's stock worth $695,000 after acquiring an additional 40,198 shares during the last quarter. Finally, Spire Wealth Management grew its stake in Opera by 4,112.2% during the first quarter. Spire Wealth Management now owns 37,910 shares of the company's stock worth $604,000 after purchasing an additional 37,010 shares during the period. Institutional investors and hedge funds own 10.21% of the company's stock.

Opera Trading Down 3.0%

Shares of NASDAQ:OPRA traded down $0.51 during trading hours on Friday, hitting $16.25. 392,985 shares of the company's stock traded hands, compared to its average volume of 813,565. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $1.45 billion, a P/E ratio of 18.42 and a beta of 0.96. The business has a fifty day moving average price of $17.44 and a 200-day moving average price of $17.47. Opera Limited Sponsored ADR has a 1 year low of $12.83 and a 1 year high of $22.50.

Opera (NASDAQ:OPRA - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $142.96 million during the quarter, compared to the consensus estimate of $137.44 million. Opera had a return on equity of 8.85% and a net margin of 14.53%.During the same period in the previous year, the firm posted $0.44 earnings per share. Opera has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect 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 was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a yield of 410.0%. Opera's payout ratio is 87.64%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OPRA. Wedbush restated an "outperform" rating on shares of Opera in a research note on Tuesday, July 8th. Wall Street Zen lowered Opera from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.