GWN Securities Inc. Invests $120,000 in Oportun Financial Corporation $OPRT

GWN Securities Inc. bought a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,748 shares of the company’s stock, valued at approximately $120,000.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Oportun Financial by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after purchasing an additional 433,827 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Oportun Financial by 18.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,055,274 shares of the company’s stock worth $5,790,000 after purchasing an additional 167,564 shares in the last quarter. Acuitas Investments LLC grew its holdings in shares of Oportun Financial by 3.8% during the 2nd quarter. Acuitas Investments LLC now owns 741,441 shares of the company’s stock worth $5,309,000 after purchasing an additional 27,049 shares in the last quarter. Summa Corp. grew its holdings in shares of Oportun Financial by 0.5% during the 2nd quarter. Summa Corp. now owns 565,338 shares of the company’s stock worth $4,048,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Oportun Financial during the 1st quarter worth $2,728,000. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Stock Down 4.5%

Shares of OPRT stock opened at $5.12 on Friday. Oportun Financial Corporation has a twelve month low of $2.62 and a twelve month high of $9.24. The company has a market cap of $225.33 million, a P/E ratio of -25.60 and a beta of 1.30. The business has a fifty day simple moving average of $6.10 and a 200 day simple moving average of $6.20.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $266.56 million during the quarter. Oportun Financial had a positive return on equity of 13.15% and a negative net margin of 0.47%. As a group, equities research analysts anticipate that Oportun Financial Corporation will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on OPRT shares. Zacks Research lowered Oportun Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Oportun Financial in a research report on Wednesday, October 8th. Wall Street Zen downgraded Oportun Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $6.00 price objective (down from $8.00) on shares of Oportun Financial in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Oportun Financial currently has an average rating of “Hold” and an average price target of $8.67.

Insider Buying and Selling

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the transaction, the insider directly owned 159,184 shares in the company, valued at approximately $1,056,981.76. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.30% of the company’s stock.

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.