Open Lending Co. (NASDAQ:LPRO) Shares Purchased by Dean Capital Management

Dean Capital Management boosted its position in shares of Open Lending Co. (NASDAQ:LPROFree Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,119 shares of the company’s stock after purchasing an additional 4,950 shares during the quarter. Dean Capital Management’s holdings in Open Lending were worth $282,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in Open Lending in the 3rd quarter valued at about $84,000. Austin Wealth Management LLC purchased a new stake in shares of Open Lending in the third quarter valued at about $114,000. Victory Capital Management Inc. grew its position in shares of Open Lending by 27.3% in the fourth quarter. Victory Capital Management Inc. now owns 13,848 shares of the company’s stock valued at $118,000 after purchasing an additional 2,971 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Open Lending during the 4th quarter worth approximately $121,000. Finally, Russell Investments Group Ltd. raised its position in shares of Open Lending by 15.9% during the 4th quarter. Russell Investments Group Ltd. now owns 15,273 shares of the company’s stock worth $130,000 after purchasing an additional 2,090 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Insider Transactions at Open Lending

In other news, Director John Joseph Flynn sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $7.35, for a total value of $367,500.00. Following the transaction, the director now directly owns 1,993,762 shares in the company, valued at approximately $14,654,150.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.00% of the company’s stock.

Open Lending Trading Down 0.5 %

Shares of NASDAQ LPRO traded down $0.03 on Tuesday, reaching $6.63. 15,711 shares of the company traded hands, compared to its average volume of 456,079. The stock has a market capitalization of $790.10 million, a PE ratio of 59.82 and a beta of 1.12. Open Lending Co. has a fifty-two week low of $4.57 and a fifty-two week high of $11.73. The company has a current ratio of 13.14, a quick ratio of 13.14 and a debt-to-equity ratio of 0.65. The company has a 50 day moving average of $5.72 and a 200 day moving average of $6.78.

Open Lending (NASDAQ:LPROGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $30.75 million for the quarter, compared to analyst estimates of $28.65 million. Open Lending had a return on equity of 6.87% and a net margin of 13.31%. The business’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. On average, equities research analysts forecast that Open Lending Co. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on LPRO shares. Needham & Company LLC lowered their target price on Open Lending from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. BTIG Research began coverage on Open Lending in a research note on Friday. They set a “neutral” rating on the stock. Canaccord Genuity Group cut their target price on shares of Open Lending from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. JMP Securities restated a “market outperform” rating and issued a $8.00 target price on shares of Open Lending in a report on Tuesday, March 26th. Finally, Raymond James reiterated an “outperform” rating and set a $8.00 price target on shares of Open Lending in a report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.79.

Get Our Latest Report on LPRO

Open Lending Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Open Lending (NASDAQ:LPRO)

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