Open Lending Co. (NASDAQ:LPRO) Shares Sold by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management trimmed its stake in shares of Open Lending Co. (NASDAQ:LPRO) by 18.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 130,773 shares of the company’s stock after selling 29,905 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Open Lending were worth $781,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its holdings in Open Lending by 363.5% during the third quarter. Barclays PLC now owns 169,024 shares of the company’s stock worth $1,034,000 after purchasing an additional 132,561 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Open Lending by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,365,266 shares of the company’s stock worth $14,478,000 after buying an additional 68,721 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Open Lending in the third quarter valued at $845,000. State Street Corp boosted its stake in Open Lending by 2.6% during the third quarter. State Street Corp now owns 2,545,783 shares of the company’s stock valued at $15,580,000 after buying an additional 63,450 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Open Lending during the third quarter worth about $68,000. 78.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Open Lending has a consensus rating of “Hold” and a consensus price target of $6.83.

Open Lending Stock Performance

Shares of NASDAQ LPRO opened at $5.14 on Friday. The stock’s fifty day simple moving average is $5.95 and its 200 day simple moving average is $5.83. The stock has a market capitalization of $613.46 million, a price-to-earnings ratio of 171.33 and a beta of 1.16. 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 Co. has a 52-week low of $4.57 and a 52-week high of $8.43.

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.