Open Lending Co. (NASDAQ:LPRO) Holdings Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Open Lending Co. (NASDAQ:LPRO - Free Report) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,744,142 shares of the company's stock after selling 229,420 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.46% of Open Lending worth $9,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LPRO. G2 Investment Partners Management LLC acquired a new stake in shares of Open Lending during the 4th quarter worth approximately $1,702,000. Wasatch Advisors LP lifted its position in Open Lending by 3.5% in the 1st quarter. Wasatch Advisors LP now owns 16,094,115 shares of the company's stock valued at $100,749,000 after purchasing an additional 546,166 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Open Lending by 25.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 25,000 shares of the company's stock valued at $213,000 after purchasing an additional 5,000 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Open Lending by 10.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,974 shares of the company's stock worth $1,446,000 after purchasing an additional 22,139 shares during the last quarter. Finally, SpiderRock Advisors LLC acquired a new stake in shares of Open Lending in the first quarter valued at approximately $166,000. 78.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LPRO shares. Needham & Company LLC reissued a "hold" rating on shares of Open Lending in a report on Wednesday, October 2nd. DA Davidson decreased their price target on Open Lending from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Morgan Stanley cut their price objective on shares of Open Lending from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Friday, August 9th. Finally, JMP Securities decreased their target price on shares of Open Lending from $8.00 to $7.00 and set a "market outperform" rating for the company in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.56.

Open Lending Price Performance

NASDAQ LPRO traded down $0.04 on Tuesday, reaching $5.78. The company's stock had a trading volume of 209,172 shares, compared to its average volume of 436,481. Open Lending Co. has a twelve month low of $4.57 and a twelve month high of $8.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 13.32 and a current ratio of 13.32. The firm's 50 day moving average is $5.70 and its two-hundred day moving average is $5.79. The stock has a market cap of $688.77 million, a PE ratio of 52.91 and a beta of 1.12.

Open Lending (NASDAQ:LPRO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). The business had revenue of $26.73 million for the quarter, compared to the consensus estimate of $31.03 million. Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The company's quarterly revenue was down 29.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, sell-side analysts predict that Open Lending Co. will post 0.18 EPS for the current year.

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.