CenterBook Partners LP Has $4.32 Million Position in Oportun Financial Corporation $OPRT

CenterBook Partners LP lifted its holdings in Oportun Financial Corporation (NASDAQ:OPRT) by 70.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 700,833 shares of the company’s stock after purchasing an additional 288,815 shares during the period. CenterBook Partners LP’s holdings in Oportun Financial were worth $4,324,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Oportun Financial by 30.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after buying an additional 490,608 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Oportun Financial by 5.8% during the third quarter. Rhumbline Advisers now owns 51,467 shares of the company’s stock worth $318,000 after buying an additional 2,817 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Oportun Financial in the third quarter valued at approximately $389,000. Flaharty Asset Management LLC bought a new stake in shares of Oportun Financial in the third quarter valued at approximately $80,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Oportun Financial in the third quarter worth $202,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Oportun Financial Stock Performance

Shares of Oportun Financial stock opened at $5.23 on Thursday. The firm has a market cap of $230.80 million, a P/E ratio of 7.92 and a beta of 1.18. The firm’s 50-day simple moving average is $5.34 and its 200-day simple moving average is $5.61. Oportun Financial Corporation has a twelve month low of $4.05 and a twelve month high of $9.24.

Wall Street Analyst Weigh In

OPRT has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price for the company in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Oportun Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.50.

Oportun Financial Profile

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.