Barclays PLC boosted its holdings in Open Lending Co. (NASDAQ:LPRO - Free Report) by 363.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,024 shares of the company's stock after buying an additional 132,561 shares during the quarter. Barclays PLC owned 0.14% of Open Lending worth $1,034,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Open Lending during the second quarter valued at approximately $33,000. Blue Trust Inc. raised its stake in Open Lending by 208.2% during the 3rd quarter. Blue Trust Inc. now owns 10,500 shares of the company's stock valued at $59,000 after buying an additional 7,093 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Open Lending during the 3rd quarter valued at $68,000. Intech Investment Management LLC purchased a new position in shares of Open Lending in the 3rd quarter worth $91,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Open Lending in the second quarter worth $110,000. Institutional investors own 78.06% of the company's stock.
Open Lending Stock Performance
Open Lending stock traded up $0.19 during trading on Tuesday, reaching $5.97. The company had a trading volume of 277,613 shares, compared to its average volume of 412,722. The firm's 50-day simple moving average is $6.06 and its 200 day simple moving average is $5.86. Open Lending Co. has a 52 week low of $4.57 and a 52 week high of $8.70. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $712.52 million, a price-to-earnings ratio of 199.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.
Analyst Ratings Changes
Separately, Needham & Company LLC reissued 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 given a buy rating to the stock. According to MarketBeat.com, Open Lending has a consensus rating of "Hold" and an average price target of $6.83.
Check Out Our Latest Stock Report on Open Lending
Open Lending Company Profile
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Free Report)
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.
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