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

GWN Securities Inc. acquired a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,748 shares of the company’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OPRT. Boston Partners bought a new stake in shares of Oportun Financial during the 1st quarter worth approximately $2,728,000. Millennium Management LLC raised its stake 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. Goldman Sachs Group Inc. raised its stake in Oportun Financial by 499.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock valued at $1,721,000 after acquiring an additional 261,147 shares during the period. Walleye Capital LLC raised its stake in Oportun Financial by 374.2% in the 1st quarter. Walleye Capital LLC now owns 294,039 shares of the company’s stock valued at $1,614,000 after acquiring an additional 232,035 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Oportun Financial by 114.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,841 shares of the company’s stock valued at $1,849,000 after acquiring an additional 179,541 shares during the period. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Price Performance

Shares of NASDAQ OPRT opened at $5.12 on Friday. The stock’s fifty day moving average price is $6.10 and its two-hundred day moving average price is $6.20. Oportun Financial Corporation has a one year low of $2.62 and a one year high of $9.24. The firm has a market cap of $225.33 million, a price-to-earnings ratio of -25.60 and a beta of 1.30.

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

Insider Buying and Selling

In other Oportun Financial news, insider Kathleen I. Layton sold 4,214 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the transaction, the insider directly owned 159,184 shares of the company’s stock, valued at $1,056,981.76. This represents a 2.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.