SkyView Investment Advisors LLC Has $302,000 Holdings in Oportun Financial Co. (NASDAQ:OPRT)

SkyView Investment Advisors LLC lifted its position in Oportun Financial Co. (NASDAQ:OPRT) by 59.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,500 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Oportun Financial were worth $302,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Oportun Financial in the 3rd quarter valued at $52,000. Flaharty Asset Management LLC lifted its stake in Oportun Financial by 75.0% during the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after purchasing an additional 15,000 shares during the period. Empowered Funds LLC boosted its holdings in Oportun Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock valued at $311,000 after purchasing an additional 5,628 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after buying an additional 31,415 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Oportun Financial by 53.3% in the second quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after acquiring an additional 95,637 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Singular Research raised Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oportun Financial currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Insider Activity at Oportun Financial

In related news, insider Patrick Kirscht sold 8,403 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $3.80, for a total transaction of $31,931.40. Following the completion of the sale, the insider now directly owns 333,360 shares of the company’s stock, valued at $1,266,768. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director R Neil Williams bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $3.87 per share, with a total value of $96,750.00. Following the completion of the transaction, the director now directly owns 140,338 shares in the company, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their position. The disclosure for this purchase can be found here. 9.30% of the stock is currently owned by company insiders.

Oportun Financial Stock Performance

Shares of OPRT stock opened at $3.87 on Friday. The stock’s fifty day moving average is $3.10 and its 200-day moving average is $2.99. Oportun Financial Co. has a 52 week low of $2.05 and a 52 week high of $4.60.

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.