Simcoe Capital LLC Takes Position in Oportun Financial Corporation $OPRT

Simcoe Capital LLC purchased a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 795,469 shares of the company’s stock, valued at approximately $4,208,000. Oportun Financial accounts for about 4.0% of Simcoe Capital LLC’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Oportun Financial during the 4th quarter worth about $58,000. Virtu Financial LLC acquired a new stake in Oportun Financial during the 3rd quarter worth about $64,000. PharVision Advisers LLC acquired a new stake in Oportun Financial during the 3rd quarter worth about $77,000. Flaharty Asset Management LLC acquired a new stake in Oportun Financial during the 3rd quarter worth about $80,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Oportun Financial during the 2nd quarter worth about $85,000. 82.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on OPRT. JPMorgan Chase & Co. cut their price target on Oportun Financial from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Wall Street Zen downgraded Oportun Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. BTIG Research reaffirmed a “buy” rating and set a $9.00 price target on shares of Oportun Financial in a research report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.00.

Insider Transactions at Oportun Financial

In other news, insider Patrick Kirscht sold 54,299 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $4.90, for a total transaction of $266,065.10. Following the sale, the insider directly owned 439,618 shares in the company, valued at $2,154,128.20. This trade represents a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathleen I. Layton sold 19,355 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total value of $94,839.50. Following the sale, the insider owned 225,872 shares in the company, valued at $1,106,772.80. This trade represents a 7.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is owned by company insiders.

Oportun Financial Stock Up 3.5%

NASDAQ:OPRT opened at $5.66 on Wednesday. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $7.97. The stock has a market capitalization of $258.89 million, a PE ratio of 15.30 and a beta of 1.30. The stock’s 50-day moving average price is $5.11 and its 200-day moving average price is $5.19.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Oportun Financial had a return on equity of 12.14% and a net margin of 1.87%.The firm had revenue of $228.76 million for the quarter, compared to analysts’ expectations of $228.58 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Sell-side analysts expect that Oportun Financial Corporation will post 1.2 earnings per share for the current fiscal year.

Oportun Financial Company Profile

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.