Open Lending Co. (NASDAQ:LPRO) Holdings Increased by Barclays PLC

Barclays PLC increased its holdings in Open Lending Co. (NASDAQ:LPRO - Free Report) by 363.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,024 shares of the company's stock after acquiring an additional 132,561 shares during the quarter. Barclays PLC owned approximately 0.14% of Open Lending worth $1,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wasatch Advisors LP increased its position in shares of Open Lending by 1.4% in the 3rd quarter. Wasatch Advisors LP now owns 16,630,780 shares of the company's stock worth $101,780,000 after purchasing an additional 222,969 shares during the last quarter. State Street Corp increased its holdings in Open Lending by 2.6% in the third quarter. State Street Corp now owns 2,545,783 shares of the company's stock valued at $15,580,000 after buying an additional 63,450 shares during the last quarter. Geode Capital Management LLC raised its stake in Open Lending by 3.0% during the third quarter. Geode Capital Management LLC now owns 2,365,266 shares of the company's stock valued at $14,478,000 after buying an additional 68,721 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Open Lending by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 841,913 shares of the company's stock worth $5,153,000 after buying an additional 31,434 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Open Lending by 9.4% in the 2nd quarter. Sei Investments Co. now owns 532,852 shares of the company's stock worth $2,973,000 after acquiring an additional 45,959 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company's stock.

Open Lending Stock Performance

NASDAQ LPRO traded up $0.14 on Wednesday, hitting $5.27. The stock had a trading volume of 171,740 shares, compared to its average volume of 229,102. The company's 50-day moving average is $6.03 and its two-hundred day moving average is $5.85. The stock has a market cap of $628.97 million, a price-to-earnings ratio of 175.67, a P/E/G ratio of 2.46 and a beta of 1.16. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a one year low of $4.57 and a one year high of $8.43.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Open Lending in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.83.

Open Lending Profile

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.