Jane Street Group LLC Has $90,000 Stock Position in Open Lending Co. (NASDAQ:LPRO)

Jane Street Group LLC lowered its stake in Open Lending Co. (NASDAQ:LPRO) by 75.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,093 shares of the company’s stock after selling 45,698 shares during the period. Jane Street Group LLC’s holdings in Open Lending were worth $90,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Open Lending in the fourth quarter valued at about $4,326,000. Royce & Associates LP increased its position in shares of Open Lending by 61.3% in the fourth quarter. Royce & Associates LP now owns 777,035 shares of the company’s stock valued at $4,639,000 after acquiring an additional 295,395 shares during the last quarter. Barclays PLC increased its position in shares of Open Lending by 8.4% in the fourth quarter. Barclays PLC now owns 183,270 shares of the company’s stock valued at $1,094,000 after acquiring an additional 14,246 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Open Lending by 7.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,655,364 shares of the company’s stock worth $75,554,000 after purchasing an additional 920,630 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Open Lending by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,178,916 shares of the company’s stock worth $60,768,000 after purchasing an additional 160,617 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Price Performance

Open Lending stock opened at $2.01 on Friday. Open Lending Co. has a 12 month low of $0.70 and a 12 month high of $6.92. The stock’s 50 day moving average is $1.45 and its 200-day moving average is $3.96. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $240.76 million, a price-to-earnings ratio of 67.00 and a beta of 1.94.

Open Lending (NASDAQ:LPRO) last posted its earnings results on Wednesday, May 7th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The company had revenue of $24.39 million for the quarter, compared to the consensus estimate of $24.78 million. Equities research analysts expect that Open Lending Co. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

LPRO has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price target on Open Lending from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Friday, May 9th. DA Davidson reiterated a “buy” rating and set a $4.00 price target on shares of Open Lending in a report on Wednesday, April 16th. Jefferies Financial Group cut Open Lending from a “buy” rating to a “hold” rating and reduced their price target for the stock from $8.00 to $3.70 in a report on Thursday, March 20th. Finally, Citizens Jmp initiated coverage on Open Lending in a report on Friday, April 4th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.44.

Insider Activity at Open Lending

In related news, CEO Jessica E. Buss purchased 12,975 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of $1.93 per share, for a total transaction of $25,041.75. Following the completion of the purchase, the chief executive officer now owns 46,446 shares in the company, valued at approximately $89,640.78. This represents a 38.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.20% of the stock is currently owned by corporate insiders.

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.