Barclays PLC Has $1.03 Million Position in Open Lending Co. (NASDAQ:LPRO)

Barclays PLC increased its position in shares of Open Lending Co. (NASDAQ:LPRO) by 363.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,024 shares of the company’s stock after buying an additional 132,561 shares during the quarter. Barclays PLC owned 0.14% of Open Lending worth $1,034,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LPRO. Bank of New York Mellon Corp grew its holdings in shares of Open Lending by 12.1% during the second quarter. Bank of New York Mellon Corp now owns 386,306 shares of the company’s stock worth $2,156,000 after buying an additional 41,792 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Open Lending by 32.2% during the second quarter. Arizona State Retirement System now owns 28,288 shares of the company’s stock worth $158,000 after buying an additional 6,896 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Open Lending by 9.2% during the second quarter. Federated Hermes Inc. now owns 95,418 shares of the company’s stock worth $532,000 after buying an additional 8,010 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Open Lending by 48.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 108,951 shares of the company’s stock worth $608,000 after buying an additional 35,435 shares in the last quarter. Finally, King Luther Capital Management Corp bought a new position in shares of Open Lending during the second quarter worth about $558,000. 78.06% of the stock is currently owned by institutional investors.

Open Lending Stock Down 1.7 %

LPRO stock opened at $5.78 on Tuesday. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $6.04 and a two-hundred day moving average price of $5.86. The company has a market cap of $689.84 million, a price-to-earnings ratio of 192.67, a P/E/G ratio of 2.46 and a beta of 1.16. Open Lending Co. has a twelve month low of $4.57 and a twelve month high of $8.70.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Open Lending in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.83.

Open Lending Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.