Oportun Financial Co. (NASDAQ:OPRT) Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC grew its holdings in Oportun Financial Co. (NASDAQ:OPRT - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,150,204 shares of the company's stock after buying an additional 122,360 shares during the quarter. Oportun Financial makes up 3.8% of Acuitas Investments LLC's portfolio, making the stock its 2nd largest position. Acuitas Investments LLC owned 3.20% of Oportun Financial worth $4,463,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OPRT. RBF Capital LLC boosted its position in Oportun Financial by 82.9% in the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company's stock valued at $2,748,000 after buying an additional 443,177 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Oportun Financial by 4.9% during the third quarter. Geode Capital Management LLC now owns 311,450 shares of the company's stock valued at $875,000 after acquiring an additional 14,683 shares during the period. Empowered Funds LLC boosted its holdings 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 acquiring an additional 5,608 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Oportun Financial by 59.3% in the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company's stock worth $302,000 after purchasing an additional 40,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oportun Financial during the 3rd quarter worth about $52,000. 82.70% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other Oportun Financial news, Director Mohit Daswani purchased 7,420 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $3.90 per share, with a total value of $28,938.00. Following the purchase, the director now directly owns 41,924 shares of the company's stock, valued at $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Raul Vazquez acquired 8,844 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $3.86 per share, for a total transaction of $34,137.84. Following the transaction, the chief executive officer now owns 1,257,328 shares of the company's stock, valued at $4,853,286.08. This represents a 0.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 41,264 shares of company stock worth $159,826. Company insiders own 9.30% of the company's stock.

Oportun Financial Stock Down 0.9 %

NASDAQ OPRT traded down $0.07 on Friday, reaching $7.89. The company had a trading volume of 702,662 shares, compared to its average volume of 550,275. Oportun Financial Co. has a 52 week low of $2.05 and a 52 week high of $9.24. The stock has a market cap of $283.85 million, a price-to-earnings ratio of -3.93 and a beta of 1.16. The stock's 50 day moving average is $4.69 and its 200-day moving average is $3.59.

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

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Oportun Financial in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oportun Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

About Oportun Financial

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.