EMG Holdings L.P. Decreases Stock Position in Oportun Financial Co. (NASDAQ:OPRT)

EMG Holdings L.P. trimmed its stake in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,223 shares of the company's stock after selling 88,408 shares during the quarter. Oportun Financial accounts for 1.4% of EMG Holdings L.P.'s holdings, making the stock its 15th largest holding. EMG Holdings L.P. owned about 1.73% of Oportun Financial worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Oportun Financial by 747.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company's stock worth $610,000 after buying an additional 138,735 shares during the period. Geode Capital Management LLC increased its holdings in Oportun Financial by 4.9% in the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company's stock valued at $875,000 after buying an additional 14,683 shares during the last quarter. Empowered Funds LLC raised its stake in Oportun Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company's stock valued at $451,000 after buying an additional 5,608 shares in the last quarter. RBF Capital LLC lifted its holdings in Oportun Financial by 82.9% during the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company's stock worth $2,748,000 after buying an additional 443,177 shares during the last quarter. Finally, Acuitas Investments LLC increased its holdings in shares of Oportun Financial by 11.9% in the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock valued at $4,463,000 after acquiring an additional 122,360 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.

Oportun Financial Stock Down 12.2 %

OPRT traded down $0.61 on Friday, hitting $4.38. 1,058,307 shares of the company traded hands, compared to its average volume of 312,010. The stock has a market capitalization of $158.27 million, a PE ratio of -2.18 and a beta of 0.86. The company has a 50 day moving average of $6.02 and a 200-day moving average of $4.26. Oportun Financial Co. has a 12-month low of $2.05 and a 12-month high of $9.25.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. On average, research analysts anticipate that Oportun Financial Co. will post 0.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. BTIG Research assumed coverage on Oportun Financial in a research note on Wednesday, March 5th. They issued a "buy" rating and a $10.00 price objective for the company.

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.