SkyView Investment Advisors LLC Increases Stock Holdings in Oportun Financial Co. (NASDAQ:OPRT)

SkyView Investment Advisors LLC boosted its stake in Oportun Financial Co. (NASDAQ:OPRT) by 59.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,500 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. SkyView Investment Advisors LLC owned about 0.30% of Oportun Financial worth $302,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Oportun Financial during the 3rd quarter worth $52,000. Flaharty Asset Management LLC raised 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 valued at $102,000 after buying an additional 15,000 shares in the last quarter. Empowered Funds LLC lifted its holdings in Oportun Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after buying an additional 5,628 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after acquiring an additional 31,415 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Oportun Financial by 53.3% in the 2nd 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 last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Oportun Financial

In related news, insider Patrick Kirscht sold 8,403 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total value 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 approximately $1,266,768. This represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R Neil Williams acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired 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 owned by corporate insiders.

Oportun Financial Stock Up 0.3 %

OPRT opened at $3.87 on Friday. Oportun Financial Co. has a twelve month low of $2.05 and a twelve month high of $4.60. The business’s 50 day moving average is $3.10 and its 200-day moving average is $2.99.

About Oportun Financial

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.