Caprock Group LLC Makes New Investment in Opera Limited (NASDAQ:OPRA)

Caprock Group LLC purchased a new stake in Opera Limited (NASDAQ:OPRA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,623 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OPRA. EntryPoint Capital LLC increased its stake in shares of Opera by 248.8% in the first quarter. EntryPoint Capital LLC now owns 6,118 shares of the company’s stock valued at $97,000 after buying an additional 4,364 shares during the period. National Bank of Canada FI increased its position in shares of Opera by 1,474.9% during the second quarter. National Bank of Canada FI now owns 8,158 shares of the company’s stock worth $112,000 after acquiring an additional 7,640 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Opera in the second quarter valued at approximately $147,000. Annex Advisory Services LLC bought a new position in shares of Opera during the first quarter valued at about $158,000. Finally, Worth Venture Partners LLC lifted its holdings in Opera by 25.8% during the fourth quarter. Worth Venture Partners LLC now owns 12,924 shares of the company’s stock worth $171,000 after acquiring an additional 2,648 shares during the period. Institutional investors own 10.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley lifted their target price on Opera from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 23rd.

Opera Price Performance

OPRA stock opened at $14.97 on Friday. The firm has a 50-day moving average of $13.13 and a 200 day moving average of $13.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market cap of $1.32 billion, a P/E ratio of 8.02 and a beta of 1.03. Opera Limited has a 1 year low of $10.11 and a 1 year high of $17.31.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $109.73 million during the quarter, compared to the consensus estimate of $108.65 million. Opera had a net margin of 40.85% and a return on equity of 19.59%. During the same quarter last year, the firm earned $0.15 earnings per share. On average, sell-side analysts forecast that Opera Limited will post 0.88 EPS for the current year.

Opera Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd were issued a $0.40 dividend. This represents a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, July 2nd. Opera’s dividend payout ratio is 41.49%.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.