Barclays PLC Has $1.03 Million Holdings 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 its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,024 shares of the company’s stock after buying an additional 132,561 shares during the period. Barclays PLC owned 0.14% of Open Lending worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LPRO. Wasatch Advisors LP raised its position in shares of Open Lending by 1.4% in the 3rd quarter. Wasatch Advisors LP now owns 16,630,780 shares of the company’s stock worth $101,780,000 after acquiring an additional 222,969 shares in the last quarter. State Street Corp grew its stake in Open Lending by 2.6% during the third quarter. State Street Corp now owns 2,545,783 shares of the company’s stock worth $15,580,000 after purchasing an additional 63,450 shares during the period. Geode Capital Management LLC increased its holdings in Open Lending by 3.0% in the third quarter. Geode Capital Management LLC now owns 2,365,266 shares of the company’s stock worth $14,478,000 after purchasing an additional 68,721 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Open Lending by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 841,913 shares of the company’s stock valued at $5,153,000 after buying an additional 31,434 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Open Lending by 9.4% during the 2nd quarter. Sei Investments Co. now owns 532,852 shares of the company’s stock worth $2,973,000 after buying an additional 45,959 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.83.

Open Lending Trading Down 0.4 %

NASDAQ LPRO opened at $5.13 on Wednesday. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a 52 week low of $4.57 and a 52 week high of $8.43. The business has a 50 day moving average price of $6.03 and a 200-day moving average price of $5.85. The company has a market cap of $612.27 million, a price-to-earnings ratio of 171.00, a P/E/G ratio of 2.46 and a beta of 1.16.

Open Lending Company 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.