20,490 Shares in Oportun Financial Co. (NASDAQ:OPRT) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new stake in Oportun Financial Co. (NASDAQ:OPRT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,490 shares of the company’s stock, valued at approximately $80,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OPRT. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Oportun Financial by 747.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,300 shares of the company’s stock valued at $610,000 after purchasing an additional 138,735 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock valued at $1,647,000 after purchasing an additional 77,907 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Oportun Financial by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after buying an additional 24,984 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Oportun Financial by 5.1% during the fourth quarter. Empowered Funds LLC now owns 116,228 shares of the company’s stock worth $451,000 after buying an additional 5,608 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Oportun Financial during the fourth quarter worth $148,000. Institutional investors own 82.70% of the company’s stock.

Analyst Ratings Changes

OPRT has been the topic of several recent research reports. BTIG Research began coverage on Oportun Financial in a report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price objective on the stock. Sidoti raised Oportun Financial to a “hold” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered their price objective on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. Three investment 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 stock. According to data from MarketBeat, Oportun Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

Oportun Financial Stock Up 2.1%

NASDAQ OPRT opened at $6.89 on Tuesday. The company has a market capitalization of $258.38 million, a price-to-earnings ratio of -3.43 and a beta of 1.23. Oportun Financial Co. has a twelve month low of $2.37 and a twelve month high of $9.25. The stock has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $4.86.

Oportun Financial Company Profile

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.