Chicago Partners Investment Group LLC Has $263,000 Position in Open Lending Co. (NASDAQ:LPRO)

Chicago Partners Investment Group LLC grew its stake in Open Lending Co. (NASDAQ:LPRO) by 7.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 43,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Chicago Partners Investment Group LLC’s holdings in Open Lending were worth $263,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Open Lending by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,756,601 shares of the company’s stock valued at $67,337,000 after acquiring an additional 51,276 shares during the last quarter. Sei Investments Co. boosted its position in shares of Open Lending by 9.4% during the 2nd quarter. Sei Investments Co. now owns 532,852 shares of the company’s stock valued at $2,973,000 after purchasing an additional 45,959 shares in the last quarter. EVR Research LP acquired a new stake in Open Lending during the second quarter worth approximately $2,758,000. Algert Global LLC increased its holdings in Open Lending by 3.7% in the second quarter. Algert Global LLC now owns 398,913 shares of the company’s stock worth $2,226,000 after purchasing an additional 14,191 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Open Lending by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 386,306 shares of the company’s stock valued at $2,156,000 after buying an additional 41,792 shares during the period. 78.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Open Lending in a research report on Wednesday, October 2nd. JMP Securities reduced their price target on shares of Open Lending from $8.00 to $7.00 and set a “market outperform” rating for the company in a report on Friday, August 9th. Morgan Stanley dropped their price objective on shares of Open Lending from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, DA Davidson reduced their target price on Open Lending from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.56.

Open Lending Trading Up 3.6 %

NASDAQ:LPRO opened at $6.36 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 13.32 and a quick ratio of 13.32. Open Lending Co. has a one year low of $4.57 and a one year high of $8.70. The company has a market cap of $758.43 million, a PE ratio of 159.04 and a beta of 1.13. The firm has a 50-day moving average of $5.74 and a 200-day moving average of $5.79.

Open Lending (NASDAQ:LPRO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The company had revenue of $26.73 million for the quarter, compared to the consensus estimate of $31.03 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down 29.9% on a year-over-year basis. As a group, equities research analysts expect that Open Lending Co. will post 0.18 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.