As of the 1st quarter, SG Americas Securities LLC has acquired a new position in Oportun Financial Co. (NASDAQ:OPRT), according to its recently filed Form 13F with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,823 shares of the company’s stock, valued at approximately $61,000.
These recent acquisitions indicate a potential interest in the financial company by SG Americas Securities LLC. Oportun Financial Co., listed on NASDAQ under the ticker symbol OPRT, provides inclusive and affordable financial services to individuals who are often overlooked by traditional lenders. With a focus on serving low-income communities, the company offers loans without requiring credit scores or collateral.
SG Americas Securities LLC’s purchase of shares in Oportun Financial Co. is reflective of their confidence in the company’s growth prospects. The investment firm’s decision was likely influenced by thorough analysis and evaluation of various market factors.
To gain additional insights into investor activities related to OPRT, interested parties can refer to HoldingsChannel.com. This platform provides up-to-date information on hedge fund holdings as well as insider trades for Oportun Financial Co., offering a comprehensive overview of recent developments within the company.
Investors and market participants keen on staying informed about Oportun Financial Co.’s performance should monitor these resources diligently. These updates will support an informed understanding of key trends impacting the stock’s value and potential investment opportunities within the financial sector.
In conclusion, SG Americas Securities LLC has initiated a new position in Oportun Financial Co., as confirmed by their recent filing with the SEC. While this transaction signifies an interest in OPRT from an institutional investor perspective, it is crucial for market observers to stay updated through platforms like HoldingsChannel.com to gather deeper insights into associated hedge fund activity and insider trading for informed decision-making regarding this stock’s future trajectory.
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Hedge Funds Boost Holdings in Oportun Financial Co.
Oportun Financial Co. (NASDAQ:OPRT) has seen some recent activity from hedge funds, with several modifying their holdings of the company. Quantbot Technologies LP, for instance, has boosted its stake in shares of Oportun Financial by 113.3% during the 1st quarter. The firm now owns 3,200 shares of the company’s stock worth $45,000 after acquiring an additional 1,700 shares in the last quarter. Similarly, Legal & General Group Plc increased its stake in Oportun Financial by 44.8% during the 2nd quarter, now owning 7,468 shares worth $61,000 after acquiring an additional 2,310 shares in the last quarter.
Tower Research Capital LLC TRC also saw a rise in its stake in Oportun Financial by 36.8% during the 3rd quarter, now owning 8,519 shares valued at $38,000 after buying an additional 2,291 shares. Furthermore, UBS Group AG dramatically lifted its stake in Oportun Financial by an astonishing 2,674.6% during the 4th quarter and currently owns 9,489 shares valued at $52,000 after buying an additional impressive amount of 9,147 shares.
Additionally noteworthy is the fact that Alliancebernstein L.P. purchased a new position in Oportun Financial during the same period valued at about $56,000. These investments from hedge funds and other institutional investors have resulted in them holding approximately 75.84% of Oportun Financial’s stock.
Various research analysts have weighed in on OPRT shares recently as well with B. Riley raising their price target on Tuesday to $13 from $9 and giving the company a “buy” rating based on their research note findings. JMP Securities raised their price target to from $7 to $9 and gave Oportun Financial a “market outperform” rating on Thursday, August 10th. Finally, BTIG Research raised their price target from $7 to $7.50 and also gave the company a “buy” rating in a research note published on Tuesday, July 25th. Overall, two research analysts have rated the stock as a hold while four have given it a buy rating. According to Bloomberg’s data, the consensus average rating for Oportun Financial is a “Moderate Buy” with an average target price of $7.25.
For those interested in more detailed information regarding hedge fund holdings of OPRT stock, it is recommended to visit HoldingsChannel.com where they can access the latest 13F filings and insider trades for Oportun Financial Co.
On Thursday, OPRT stock opened at $7.00. The company currently holds a market cap of $238.28 million with a price-to-earnings ratio of -1.02 and a beta of 1.62. It experienced a 12-month low of $2.19 and reached its high point at $8.06 within the same period. At present, Oportun Financial Co.’s fifty-day moving average stands at $5.93 while its two-hundred-day moving average is at $5.36.
Oportun Financial Corporation primarily focuses on providing financial services to its customers through personal loans and credit cards. The company serves its clients through online platforms, over-the-phone services, as well as retail locations and Lending as a Service partners’ establishments. Founded in 2005, Oportun Financial Corporation maintains its headquarters in San Carlos, California.
In conclusion, hedge funds have taken notice of Oportun Financial Co., with several modifying their holdings in the company recently. With positive ratings from various research analysts and personalized financial services offered by Oportun Financial Corporation, investors are curious about the potential opportunities presented by this particular stock.
Note: This article is entirely fictional and created by OpenAI’s GPT-3 model.
