Villanova Investment Management Co LLC Acquires 16,786 Shares of Open Lending Co. (NASDAQ:LPRO)

Villanova Investment Management Co LLC raised its holdings in shares of Open Lending Co. (NASDAQ:LPRO) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 172,684 shares of the company’s stock after purchasing an additional 16,786 shares during the quarter. Villanova Investment Management Co LLC’s holdings in Open Lending were worth $1,031,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LPRO. Geode Capital Management LLC raised its holdings in Open Lending by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,393,519 shares of the company’s stock worth $14,293,000 after purchasing an additional 28,253 shares during the period. Vanguard Group Inc. raised its stake in Open Lending by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 10,178,916 shares of the company’s stock worth $60,768,000 after buying an additional 160,617 shares during the period. LPL Financial LLC lifted its holdings in Open Lending by 4.2% during the fourth quarter. LPL Financial LLC now owns 82,461 shares of the company’s stock worth $492,000 after acquiring an additional 3,309 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Open Lending in the fourth quarter valued at about $124,000. Finally, Sei Investments Co. increased its holdings in shares of Open Lending by 5.6% in the fourth quarter. Sei Investments Co. now owns 562,480 shares of the company’s stock worth $3,358,000 after acquiring an additional 29,882 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LPRO has been the subject of several research analyst reports. Jefferies Financial Group lowered Open Lending from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.00 to $3.70 in a research report on Thursday, March 20th. Needham & Company LLC upgraded shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Open Lending presently has an average rating of “Hold” and an average price target of $6.12.

Open Lending Trading Down 1.4 %

NASDAQ:LPRO opened at $2.76 on Tuesday. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a twelve month low of $2.23 and a twelve month high of $6.97. The company has a market cap of $329.41 million, a P/E ratio of 92.00 and a beta of 1.25. The business has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $5.55.

Open Lending (NASDAQ:LPRO) last announced its earnings results on Monday, March 31st. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The business had revenue of $24.23 million for the quarter, compared to analyst estimates of $24.03 million. During the same quarter in the previous year, the company posted ($0.04) EPS. As a group, analysts expect that Open Lending Co. will post 0.1 EPS for the current fiscal year.

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.