Palogic Value Management L.P. Has $4.29 Million Stock Holdings in Open Lending Co. (NASDAQ:LPRO)

Palogic Value Management L.P. trimmed its position in Open Lending Co. (NASDAQ:LPRO) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718,048 shares of the company’s stock after selling 6,952 shares during the period. Open Lending makes up approximately 1.7% of Palogic Value Management L.P.’s holdings, making the stock its 11th biggest holding. Palogic Value Management L.P.’s holdings in Open Lending were worth $4,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LPRO. Raymond James Financial Inc. acquired a new stake in shares of Open Lending in the 4th quarter valued at approximately $4,326,000. Royce & Associates LP raised its holdings in Open Lending by 61.3% during the 4th quarter. Royce & Associates LP now owns 777,035 shares of the company’s stock worth $4,639,000 after buying an additional 295,395 shares during the period. Wasatch Advisors LP raised its holdings in Open Lending by 1.4% during the 3rd quarter. Wasatch Advisors LP now owns 16,630,780 shares of the company’s stock worth $101,780,000 after buying an additional 222,969 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Open Lending during the 3rd quarter worth approximately $1,153,000. Finally, Main Management ETF Advisors LLC acquired a new stake in Open Lending during the 3rd quarter worth approximately $845,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LPRO. Jefferies Financial Group downgraded shares of Open Lending from a “buy” rating to a “hold” rating and dropped their target price for the stock from $8.00 to $3.70 in a report on Thursday. Needham & Company LLC upgraded shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.39.

Open Lending Price Performance

Shares of LPRO opened at $3.08 on Friday. The stock has a market capitalization of $367.60 million, a P/E ratio of 102.67 and a beta of 1.25. Open Lending Co. has a twelve month low of $3.02 and a twelve month high of $7.48. The company has a 50 day moving average of $5.19 and a 200-day moving average of $5.67. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Open Lending 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.