33,421 Shares in Open Lending Co. (NASDAQ:LPRO) Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. purchased a new position in Open Lending Co. (NASDAQ:LPRO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 33,421 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in Open Lending by 6.8% during the second quarter. The Manufacturers Life Insurance Company now owns 41,152 shares of the company’s stock valued at $230,000 after purchasing an additional 2,631 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Open Lending by 24.0% during the second quarter. QRG Capital Management Inc. now owns 14,587 shares of the company’s stock valued at $81,000 after purchasing an additional 2,824 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Open Lending by 7.5% during the third quarter. Chicago Partners Investment Group LLC now owns 43,000 shares of the company’s stock valued at $263,000 after purchasing an additional 3,000 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Open Lending during the second quarter valued at about $33,000. Finally, Arizona State Retirement System lifted its holdings in Open Lending by 32.2% during the second quarter. Arizona State Retirement System now owns 28,288 shares of the company’s stock valued at $158,000 after purchasing an additional 6,896 shares during the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

Open Lending Stock Down 0.6 %

LPRO stock opened at $6.27 on Monday. The company has a current ratio of 9.42, a quick ratio of 13.32 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $5.89 and its 200 day moving average is $5.89. The stock has a market cap of $747.70 million, a price-to-earnings ratio of 209.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.13. Open Lending Co. has a 1-year low of $4.57 and a 1-year high of $8.70.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Open Lending from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. JMP Securities lowered their price target on shares of Open Lending from $8.00 to $7.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. DA Davidson lowered their price target on shares of Open Lending from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.83.

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.