188,462 Shares in Open Lending Co. (NASDAQ:LPRO) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Open Lending Co. (NASDAQ:LPRO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 188,462 shares of the company's stock, valued at approximately $1,153,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.16% of Open Lending at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LPRO. Cubist Systematic Strategies LLC bought a new position in shares of Open Lending in the 2nd quarter worth $33,000. Blue Trust Inc. increased its position in shares of Open Lending by 208.2% during the third quarter. Blue Trust Inc. now owns 10,500 shares of the company's stock worth $59,000 after acquiring an additional 7,093 shares in the last quarter. SlateStone Wealth LLC acquired a new stake in shares of Open Lending in the 2nd quarter worth about $70,000. QRG Capital Management Inc. lifted its position in Open Lending by 24.0% in the 2nd quarter. QRG Capital Management Inc. now owns 14,587 shares of the company's stock valued at $81,000 after acquiring an additional 2,824 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Open Lending during the 2nd quarter valued at about $110,000. Institutional investors and hedge funds own 78.06% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC reissued a "hold" rating on shares of Open Lending in a research note on Wednesday, October 2nd. DA Davidson lowered their target price on shares of Open Lending from $9.00 to $8.00 and set a "buy" rating for the company in a report on Monday, August 12th. JMP Securities cut their price target on shares of Open Lending from $8.00 to $7.00 and set a "market outperform" rating on the stock in a report on Friday, August 9th. Finally, Morgan Stanley decreased their price target on Open Lending from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Open Lending has an average rating of "Hold" and an average price target of $6.83.

Open Lending Stock Performance

Shares of Open Lending stock traded up $0.11 during trading hours on Friday, reaching $6.47. The company had a trading volume of 347,079 shares, compared to its average volume of 418,750. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42. Open Lending Co. has a one year low of $4.57 and a one year high of $8.70. The firm has a market cap of $772.19 million, a PE ratio of 215.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.13. The business has a fifty day simple moving average of $5.96 and a 200 day simple moving average of $5.92.

About Open Lending

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.