Geode Capital Management LLC Grows Stake in Oportun Financial Co. (NASDAQ:OPRT)

Geode Capital Management LLC grew its position in Oportun Financial Co. (NASDAQ:OPRT) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 311,450 shares of the company’s stock after purchasing an additional 14,683 shares during the quarter. Geode Capital Management LLC’s holdings in Oportun Financial were worth $875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC grew its holdings in Oportun Financial by 26.4% in the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after purchasing an additional 314,553 shares during the last quarter. RBF Capital LLC grew its holdings in shares of Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after buying an additional 443,177 shares during the last quarter. Long Focus Capital Management LLC grew its holdings in shares of Oportun Financial by 6.0% during the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock valued at $5,048,000 after buying an additional 99,197 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Oportun Financial by 28.6% during the second quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after buying an additional 15,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Oportun Financial by 16.1% during the second 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 during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Price Performance

NASDAQ OPRT opened at $3.61 on Friday. The company has a market capitalization of $129.87 million, a PE ratio of -1.09 and a beta of 1.15. The company has a fifty day moving average of $3.63 and a 200 day moving average of $3.11. Oportun Financial Co. has a 1 year low of $2.05 and a 1 year high of $4.60.

Insider Activity at Oportun Financial

In other news, Director R Neil Williams bought 25,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $3.87 per share, with a total value of $96,750.00. Following the purchase, the director now directly owns 140,338 shares in the company, valued at $543,108.06. The trade was a 21.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mohit Daswani bought 7,420 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the purchase, the director now owns 41,924 shares in the company, valued at approximately $163,503.60. This represents a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 41,264 shares of company stock worth $159,826 over the last three months. Company insiders own 9.30% 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 equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $5.50.

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.