JPMorgan Chase & Co. Cuts Stock Position in Oportun Financial Co. (NASDAQ:OPRT)

JPMorgan Chase & Co. decreased its holdings in shares of Oportun Financial Co. (NASDAQ:OPRT) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,925 shares of the company’s stock after selling 6,963 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Oportun Financial worth $216,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Oportun Financial in the 3rd quarter worth about $52,000. SkyView Investment Advisors LLC grew its position in Oportun Financial by 59.3% in the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock worth $302,000 after acquiring an additional 40,000 shares in the last quarter. Empowered Funds LLC increased its stake in Oportun Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after acquiring an additional 5,628 shares during the last quarter. Renaissance Technologies LLC raised its position in Oportun Financial by 16.1% during the second quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after purchasing an additional 31,415 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Oportun Financial by 53.3% in the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after purchasing an additional 95,637 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

Insider Buying and Selling at Oportun Financial

In related news, insider Patrick Kirscht sold 8,403 shares of Oportun Financial stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $3.80, for a total transaction of $31,931.40. Following the completion of the transaction, the insider now directly owns 333,360 shares of the company’s stock, valued at approximately $1,266,768. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Neil Williams acquired 25,000 shares of Oportun Financial stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the director now directly owns 140,338 shares in the company, valued at $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 41,264 shares of company stock worth $159,826 over the last quarter. Insiders own 9.30% of the company’s stock.

Oportun Financial Stock Performance

NASDAQ OPRT opened at $4.60 on Friday. The business’s 50 day moving average price is $3.87 and its 200-day moving average price is $3.22. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $4.62. The company has a market cap of $165.51 million, a P/E ratio of -1.39 and a beta of 1.15.

Oportun Financial 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.