Hennion & Walsh Asset Management Inc. Grows Stock Position in Opera Limited (NASDAQ:OPRA)

Hennion & Walsh Asset Management Inc. increased its holdings in Opera Limited (NASDAQ:OPRA) by 42.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,533 shares of the company’s stock after buying an additional 17,242 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.06% of Opera worth $910,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Citigroup Inc. bought a new stake in shares of Opera during the 3rd quarter valued at $31,843,000. Hudson Bay Capital Management LP purchased a new stake in Opera in the third quarter worth about $3,842,000. Walleye Capital LLC bought a new position in shares of Opera in the third quarter worth about $3,652,000. Toroso Investments LLC purchased a new position in shares of Opera during the 3rd quarter valued at about $3,009,000. Finally, Roumell Asset Management LLC grew its stake in shares of Opera by 169.2% during the 4th quarter. Roumell Asset Management LLC now owns 376,870 shares of the company’s stock valued at $4,986,000 after acquiring an additional 236,870 shares during the period. 10.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Opera from a “c+” rating to a “b-” rating in a report on Monday, March 4th.

Opera Price Performance

Shares of Opera stock opened at $13.83 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera Limited has a 52 week low of $10.30 and a 52 week high of $28.58. The stock’s 50-day simple moving average is $13.91 and its 200-day simple moving average is $13.42. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.36 and a beta of 0.93.

Opera (NASDAQ:OPRA) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $101.87 million during the quarter, compared to the consensus estimate of $100.60 million. Opera had a return on equity of 19.52% and a net margin of 41.00%. As a group, analysts expect that Opera Limited will post 0.78 earnings per share for the current fiscal year.

Opera Dividend Announcement

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a $0.40 dividend. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 2nd. Opera’s payout ratio is currently 41.49%.

About Opera

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.