RBF Capital LLC Cuts Stake in Oportun Financial Co. (NASDAQ:OPRT)

RBF Capital LLC cut its holdings in Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 884,654 shares of the company's stock after selling 93,425 shares during the period. RBF Capital LLC owned about 2.46% of Oportun Financial worth $3,432,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OPRT. Dimensional Fund Advisors LP increased its holdings in shares of Oportun Financial by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock worth $2,205,000 after purchasing an additional 24,984 shares during the period. Barclays PLC raised its holdings in Oportun Financial by 26.5% in 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 in the last quarter. Kennedy Capital Management LLC increased its position in shares of Oportun Financial by 8.4% in the fourth quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company's stock worth $1,454,000 after purchasing an additional 29,096 shares during the period. Renaissance Technologies LLC raised its stake in Oportun Financial by 22.5% in the fourth quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after purchasing an additional 5,600 shares during the period. Institutional investors and hedge funds own 82.70% of the company's stock.

Analyst Ratings Changes

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

Oportun Financial Stock Up 0.2 %

OPRT stock traded up $0.01 during midday trading on Monday, reaching $5.14. 111,194 shares of the company's stock traded hands, compared to its average volume of 270,863. Oportun Financial Co. has a 52 week low of $2.37 and a 52 week high of $9.25. The company has a market cap of $185.73 million, a price-to-earnings ratio of -2.56 and a beta of 0.86. The firm's fifty day moving average price is $5.68 and its 200-day moving average price is $4.47.

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

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.