Madrone Advisors LLC Decreases Stock Holdings in Oportun Financial Co. (NASDAQ:OPRT)

Madrone Advisors LLC lessened its position in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 13.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,633 shares of the company's stock after selling 82,662 shares during the period. Oportun Financial accounts for 0.4% of Madrone Advisors LLC's holdings, making the stock its 6th biggest holding. Madrone Advisors LLC owned about 1.50% of Oportun Financial worth $2,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Telos Capital Management Inc. acquired a new position in Oportun Financial during the 4th quarter valued at about $52,000. Barclays PLC grew its holdings in Oportun Financial by 26.5% during the fourth quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after buying an additional 5,114 shares in the last quarter. Flaharty Asset Management LLC raised 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 buying an additional 5,000 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Oportun Financial by 59.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company's stock valued at $302,000 after acquiring an additional 40,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Oportun Financial by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company's stock worth $321,000 after acquiring an additional 5,901 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JMP Securities reissued a "market perform" rating on shares of Oportun Financial in a research report on Friday, February 14th. JPMorgan Chase & Co. reduced their target price on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, BTIG Research began coverage on shares of Oportun Financial in a research note on Wednesday, March 5th. They set a "buy" rating and a $10.00 price target on the stock.

Oportun Financial Stock Up 0.2 %

Shares of OPRT stock traded up $0.01 on Friday, reaching $5.05. The company's stock had a trading volume of 110,517 shares, compared to its average volume of 272,408. The company has a market capitalization of $182.48 million, a P/E ratio of -2.51 and a beta of 0.86. The stock's 50 day simple moving average is $5.75 and its 200-day simple moving average is $4.43. Oportun Financial Co. has a 12-month low of $2.37 and a 12-month high of $9.25.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. Research analysts expect that Oportun Financial Co. will post 0.94 EPS for the current year.

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.