Open Lending Co. (NASDAQ:LPRO) Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in Open Lending Co. (NASDAQ:LPRO) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,166 shares of the company’s stock after acquiring an additional 7,166 shares during the period. Chicago Partners Investment Group LLC’s holdings in Open Lending were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Open Lending by 6.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,152 shares of the company’s stock worth $230,000 after buying an additional 2,631 shares during the last quarter. QRG Capital Management Inc. raised its position in Open Lending by 24.4% in the 3rd quarter. QRG Capital Management Inc. now owns 18,148 shares of the company’s stock valued at $111,000 after purchasing an additional 3,561 shares during the last quarter. R Squared Ltd purchased a new stake in Open Lending in the 4th quarter valued at $25,000. Cubist Systematic Strategies LLC acquired a new stake in Open Lending during the 2nd quarter worth $33,000. Finally, Verition Fund Management LLC grew its position in Open Lending by 27.4% during the 3rd quarter. Verition Fund Management LLC now owns 28,558 shares of the company’s stock worth $175,000 after purchasing an additional 6,150 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC upgraded shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.83.

Open Lending Stock Up 7.4 %

LPRO stock opened at $6.57 on Wednesday. The stock has a market capitalization of $784.13 million, a PE ratio of 219.00 and a beta of 1.16. The company has a fifty day moving average of $5.78 and a 200-day moving average of $5.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42. Open Lending Co. has a one year low of $4.57 and a one year high of $8.43.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $23.48 million during the quarter, compared to analysts’ expectations of $29.46 million. Open Lending had a net margin of 4.78% and a return on equity of 2.15%. During the same period in the prior year, the firm posted $0.02 EPS. As a group, analysts expect that Open Lending Co. will post 0.1 EPS for the current year.

Open Lending Company Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.