Madrone Advisors LLC Sells 82,662 Shares of Oportun Financial Co. (NASDAQ:OPRT)

Madrone Advisors LLC cut its position in shares of Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 540,633 shares of the company's stock after selling 82,662 shares during the quarter. Oportun Financial accounts for 0.4% of Madrone Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Madrone Advisors LLC owned approximately 1.50% of Oportun Financial worth $2,098,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Acuitas Investments LLC raised its stake in shares of Oportun Financial by 11.9% during the 4th quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company's stock worth $4,463,000 after buying an additional 122,360 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Oportun Financial by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company's stock worth $2,205,000 after purchasing an additional 24,984 shares in the last quarter. Renaissance Technologies LLC raised its stake in Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company's stock valued at $1,647,000 after purchasing an additional 77,907 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in Oportun Financial by 8.4% in the 4th quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company's stock valued at $1,454,000 after purchasing an additional 29,096 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Oportun Financial by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 317,050 shares of the company's stock worth $1,230,000 after acquiring an additional 5,600 shares during the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Trading Up 5.2 %

NASDAQ:OPRT traded up $0.25 on Thursday, hitting $5.04. 206,774 shares of the stock were exchanged, compared to its average volume of 275,415. The stock has a market cap of $182.12 million, a PE ratio of -2.51 and a beta of 0.86. Oportun Financial Co. has a fifty-two week low of $2.37 and a fifty-two week high of $9.25. The stock has a fifty day moving average of $5.80 and a 200-day moving average of $4.41.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 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%. As a group, analysts predict that Oportun Financial Co. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OPRT. BTIG Research started coverage on Oportun Financial in a research report on Wednesday, March 5th. They set a "buy" rating and a $10.00 target price on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oportun Financial from $6.50 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.67.

Oportun Financial Company 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.