UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.03 Million Holdings in Open Lending Co. (NASDAQ:LPRO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Open Lending Co. (NASDAQ:LPRO) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,003 shares of the company’s stock after selling 30,145 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Open Lending worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Algert Global LLC raised its holdings in shares of Open Lending by 2.4% during the 3rd quarter. Algert Global LLC now owns 408,493 shares of the company’s stock valued at $2,500,000 after purchasing an additional 9,580 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Open Lending by 3.9% during 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 in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Open Lending in the third quarter worth about $91,000. King Luther Capital Management Corp boosted its stake in shares of Open Lending by 100.0% during the 3rd quarter. King Luther Capital Management Corp now owns 200,000 shares of the company’s stock worth $1,224,000 after acquiring an additional 100,000 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Open Lending during the 3rd quarter worth about $1,153,000. Institutional investors own 78.06% of the company’s stock.

Open Lending Stock Down 5.5 %

Shares of LPRO opened at $6.20 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42. The company has a 50-day simple moving average of $6.04 and a 200-day simple moving average of $5.91. Open Lending Co. has a 52 week low of $4.57 and a 52 week high of $8.70. The firm has a market capitalization of $739.97 million, a P/E ratio of 206.67, a P/E/G ratio of 2.46 and a beta of 1.16.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.83.

About Open Lending

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.