Dimensional Fund Advisors LP Sells 3,945 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Dimensional Fund Advisors LP decreased its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 582,391 shares of the company’s stock after selling 3,945 shares during the period. Dimensional Fund Advisors LP owned approximately 1.64% of Oportun Financial worth $1,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Findell Capital Management LLC acquired a new stake in shares of Oportun Financial during the 4th quarter valued at $7,820,000. Acuitas Investments LLC acquired a new stake in shares of Oportun Financial during the 2nd quarter valued at $1,577,000. Acadian Asset Management LLC boosted its holdings in shares of Oportun Financial by 11.2% during the 1st quarter. Acadian Asset Management LLC now owns 813,254 shares of the company’s stock valued at $1,975,000 after acquiring an additional 82,146 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Oportun Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 97,432 shares of the company’s stock valued at $237,000 after acquiring an additional 7,350 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Oportun Financial by 85.2% during the 1st quarter. Versant Capital Management Inc now owns 30,601 shares of the company’s stock valued at $74,000 after acquiring an additional 14,079 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Trading Up 4.5 %

Shares of OPRT opened at $2.58 on Friday. The company has a market capitalization of $92.16 million, a PE ratio of -0.83 and a beta of 1.10. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $7.19. The stock’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $2.93.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.28. Oportun Financial had a negative return on equity of 11.04% and a negative net margin of 11.66%. The firm had revenue of $250.40 million during the quarter, compared to analyst estimates of $246.12 million. Equities research analysts predict that Oportun Financial Co. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on OPRT. JMP Securities reissued a “market perform” rating on shares of Oportun Financial in a report on Monday, August 12th. Singular Research raised Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.70.

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.