Palogic Value Management L.P. Sells 6,952 Shares of Open Lending Co. (NASDAQ:LPRO)

Palogic Value Management L.P. decreased its position in Open Lending Co. (NASDAQ:LPRO) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 718,048 shares of the company’s stock after selling 6,952 shares during the quarter. Open Lending accounts for approximately 1.7% of Palogic Value Management L.P.’s holdings, making the stock its 11th biggest holding. Palogic Value Management L.P. owned approximately 0.60% of Open Lending worth $4,287,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Open Lending during the 4th quarter worth about $25,000. Quantinno Capital Management LP bought a new stake in Open Lending during the 3rd quarter worth about $68,000. Intech Investment Management LLC bought a new stake in Open Lending during the 3rd quarter worth about $91,000. Proficio Capital Partners LLC bought a new stake in Open Lending during the 4th quarter worth about $95,000. Finally, Centiva Capital LP bought a new stake in Open Lending during the 3rd quarter worth about $157,000. Institutional investors own 78.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPRO. Jefferies Financial Group lowered shares of Open Lending from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $8.00 to $3.70 in a report on Thursday. Needham & Company LLC raised shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Open Lending has an average rating of “Moderate Buy” and an average price target of $6.39.

Open Lending Stock Performance

Open Lending stock opened at $3.08 on Friday. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a 1 year low of $3.02 and a 1 year high of $7.48. The company has a market cap of $367.60 million, a PE ratio of 102.67 and a beta of 1.25. The company’s 50-day moving average is $5.19 and its two-hundred day moving average is $5.67.

About Open Lending

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.