Raymond James Financial Inc. Makes New $4.33 Million Investment in Open Lending Co. (NASDAQ:LPRO)

Raymond James Financial Inc. bought a new stake in Open Lending Co. (NASDAQ:LPRO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 724,590 shares of the company's stock, valued at approximately $4,326,000. Raymond James Financial Inc. owned approximately 0.61% of Open Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in Open Lending in the 4th quarter valued at about $25,000. Quantinno Capital Management LP acquired a new position in Open Lending during the 3rd quarter worth $68,000. Intech Investment Management LLC bought a new stake in Open Lending during the 3rd quarter worth about $91,000. Proficio Capital Partners LLC bought a new position in shares of Open Lending in the 4th quarter valued at about $95,000. Finally, Centiva Capital LP bought a new stake in shares of Open Lending during the third quarter worth approximately $157,000. 78.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC upgraded shares of Open Lending from a "hold" rating to a "buy" rating and set a $7.00 target price for the company in a research report on Wednesday, January 29th. Jefferies Financial Group lowered Open Lending from a "buy" rating to a "hold" rating and decreased their target price for the stock from $8.00 to $3.70 in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.12.

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Open Lending Stock Down 4.1 %

LPRO traded down $0.12 during trading on Friday, reaching $2.80. The company had a trading volume of 2,442,880 shares, compared to its average volume of 449,795. The company has a market cap of $334.18 million, a P/E ratio of 93.33 and a beta of 1.25. Open Lending Co. has a 12 month low of $2.72 and a 12 month high of $6.97. The business's fifty day moving average price is $4.94 and its 200 day moving average price is $5.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42.

Open Lending Company 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.