Open Lending Co. (NASDAQ:LPRO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Open Lending Co. (NASDAQ:LPRO) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,791 shares of the company’s stock after selling 54,505 shares during the quarter. Jane Street Group LLC owned about 0.05% of Open Lending worth $372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Open Lending by 2.6% in the third quarter. State Street Corp now owns 2,545,783 shares of the company’s stock valued at $15,580,000 after acquiring an additional 63,450 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Open Lending during the third quarter worth about $68,000. Centiva Capital LP acquired a new position in Open Lending during the third quarter worth about $157,000. Josh Arnold Investment Consultant LLC raised its position in Open Lending by 7.1% during the third quarter. Josh Arnold Investment Consultant LLC now owns 150,000 shares of the company’s stock worth $918,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Open Lending by 1.4% in the third quarter. Wasatch Advisors LP now owns 16,630,780 shares of the company’s stock valued at $101,780,000 after buying an additional 222,969 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Open Lending Stock Down 1.6 %

LPRO stock opened at $5.46 on Thursday. 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 fifty-two week low of $4.57 and a fifty-two week high of $8.43. The firm’s 50-day simple moving average is $6.09 and its 200 day simple moving average is $5.85. The stock has a market cap of $651.65 million, a PE ratio of 182.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “hold” rating on shares of Open Lending in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock 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.