287,075 Shares in Open Lending Corporation $LPRO Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Open Lending Corporation (NASDAQ:LPRO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 287,075 shares of the company’s stock, valued at approximately $893,000. Texas Capital Bank Wealth Management Services Inc owned 0.24% of Open Lending at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LPRO. R Squared Ltd lifted its stake in shares of Open Lending by 32.7% in the fourth quarter. R Squared Ltd now owns 28,590 shares of the company’s stock worth $44,000 after acquiring an additional 7,047 shares during the period. Rhumbline Advisers increased its position in Open Lending by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 159,855 shares of the company’s stock valued at $310,000 after purchasing an additional 9,590 shares during the period. AQR Capital Management LLC raised its holdings in Open Lending by 84.0% during the 1st quarter. AQR Capital Management LLC now owns 23,683 shares of the company’s stock worth $65,000 after purchasing an additional 10,812 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Open Lending during the 2nd quarter worth approximately $35,000. Finally, Barclays PLC lifted its position in shares of Open Lending by 9.0% in the 4th quarter. Barclays PLC now owns 157,383 shares of the company’s stock worth $244,000 after purchasing an additional 12,963 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Stock Performance

Shares of LPRO stock opened at $3.14 on Tuesday. The company has a market cap of $369.50 million, a P/E ratio of -78.50 and a beta of 2.19. The stock has a 50 day simple moving average of $3.03 and a two-hundred day simple moving average of $2.12. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.44 and a current ratio of 4.44. Open Lending Corporation has a fifty-two week low of $1.17 and a fifty-two week high of $3.15.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LPRO shares. Northland Securities set a $3.15 price objective on shares of Open Lending in a research note on Wednesday, June 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Open Lending in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of Open Lending to a “sell” rating in a report on Saturday, August 1st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $3.15 price target (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.77.

About Open Lending

Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company’s solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.

The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.