Empowered Funds LLC Acquires 5,608 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Empowered Funds LLC boosted its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,228 shares of the company’s stock after purchasing an additional 5,608 shares during the quarter. Empowered Funds LLC owned 0.32% of Oportun Financial worth $451,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Oportun Financial in the third quarter valued at approximately $52,000. Telos Capital Management Inc. acquired a new position in Oportun Financial in the 4th quarter valued at $52,000. SkyView Investment Advisors LLC lifted its position in shares of Oportun Financial by 59.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after acquiring an additional 40,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Oportun Financial by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after purchasing an additional 14,683 shares in the last quarter. Finally, RBF Capital LLC increased its position in shares of Oportun Financial by 82.9% in the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after purchasing an additional 443,177 shares during the period. Institutional investors own 82.70% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Insider Buying and Selling at Oportun Financial

In other Oportun Financial news, CEO Raul Vazquez acquired 8,844 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $3.86 per share, for a total transaction of $34,137.84. Following the acquisition, the chief executive officer now directly owns 1,257,328 shares in the company, valued at $4,853,286.08. This represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patrick Kirscht sold 8,403 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total transaction of $31,931.40. Following the sale, the insider now directly owns 333,360 shares in the company, valued at $1,266,768. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 41,264 shares of company stock worth $159,826 over the last quarter. Corporate insiders own 9.30% of the company’s stock.

Oportun Financial Stock Performance

Oportun Financial stock opened at $8.24 on Thursday. Oportun Financial Co. has a 52 week low of $2.05 and a 52 week high of $9.25. The stock has a market capitalization of $296.48 million, a P/E ratio of -4.10 and a beta of 1.16. The stock has a fifty day moving average of $4.52 and a 200-day moving average of $3.52.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts forecast that Oportun Financial Co. will post 0.78 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.