EntryPoint Capital LLC Boosts Position in Opera Limited (NASDAQ:OPRA)

EntryPoint Capital LLC increased its holdings in shares of Opera Limited (NASDAQ:OPRA) by 248.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,118 shares of the company’s stock after acquiring an additional 4,364 shares during the quarter. EntryPoint Capital LLC’s holdings in Opera were worth $97,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Roumell Asset Management LLC lifted its stake in Opera by 169.2% in the fourth quarter. Roumell Asset Management LLC now owns 376,870 shares of the company’s stock valued at $4,986,000 after buying an additional 236,870 shares during the last quarter. Richard P Slaughter Associates Inc purchased a new stake in Opera in the first quarter valued at approximately $3,103,000. Jump Financial LLC lifted its stake in Opera by 389.4% in the fourth quarter. Jump Financial LLC now owns 93,248 shares of the company’s stock valued at $1,234,000 after buying an additional 74,195 shares during the last quarter. Trexquant Investment LP lifted its stake in Opera by 85.2% in the fourth quarter. Trexquant Investment LP now owns 110,508 shares of the company’s stock valued at $1,462,000 after buying an additional 50,840 shares during the last quarter. Finally, Penn Mutual Asset Management LLC purchased a new stake in Opera in the fourth quarter valued at approximately $662,000. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Opera Stock Performance

NASDAQ OPRA traded up $0.04 on Friday, reaching $11.82. The stock had a trading volume of 223,149 shares, compared to its average volume of 869,832. The stock has a market cap of $1.05 billion, a P/E ratio of 6.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50-day moving average price is $13.56 and its 200 day moving average price is $13.36. Opera Limited has a 12-month low of $10.30 and a 12-month high of $18.35.

Opera (NASDAQ:OPRA) last released its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $101.87 million for the quarter, compared to analyst estimates of $100.60 million. Opera had a return on equity of 19.52% and a net margin of 41.00%. As a group, equities analysts expect that Opera Limited will post 0.78 earnings per share for the current year.

Opera Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, July 2nd were issued a dividend of $0.40 per share. This represents a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, July 2nd. Opera’s dividend payout ratio is presently 41.49%.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.