EMG Holdings L.P. Sells 1,498,269 Shares of Oportun Financial Co. (NASDAQ:OPRT)

EMG Holdings L.P. lessened its stake in shares of Oportun Financial Co. (NASDAQ:OPRT) by 67.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,631 shares of the company’s stock after selling 1,498,269 shares during the quarter. Oportun Financial comprises 1.0% of EMG Holdings L.P.’s investment portfolio, making the stock its 15th biggest holding. EMG Holdings L.P. owned about 2.00% of Oportun Financial worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Findell Capital Management LLC purchased a new stake in Oportun Financial in the 4th quarter valued at about $7,820,000. Acuitas Investments LLC purchased a new stake in shares of Oportun Financial during the 2nd quarter worth approximately $1,577,000. Jump Financial LLC increased its stake in shares of Oportun Financial by 350.4% during the 4th quarter. Jump Financial LLC now owns 110,411 shares of the company’s stock worth $432,000 after purchasing an additional 85,895 shares during the last quarter. Acadian Asset Management LLC increased its stake 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 worth $1,975,000 after purchasing an additional 82,146 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after purchasing an additional 31,415 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research note on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.70.

Oportun Financial Trading Up 1.0 %

OPRT opened at $2.90 on Friday. The company has a 50 day moving average of $2.96 and a 200 day moving average of $2.99. The company has a market cap of $103.21 million, a PE ratio of -1.06 and a beta of 1.11. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $7.71.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.28. The company had revenue of $250.40 million for the quarter, compared to analysts’ expectations of $246.12 million. Oportun Financial had a negative net margin of 11.66% and a negative return on equity of 11.04%. Research analysts forecast that Oportun Financial Co. will post 0.15 earnings per share for the current fiscal 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.