Streetbeat News

OPRT

Oportun Financial Corporation

https://www.oportun.com

Industry

Financial - Credit Services

Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.

Open

3.85

Mkt cap

138M

Volume

188K

High

3.88

P/E Ratio

-1.16

52-wk high

4.60

Low

3.67

Div yield

N/A

52-wk low

2.05

Oportun (Nasdaq: OPRT) has successfully completed a $425 million asset-backed securitization, which was significantly oversubscribed and achieved a 6.95% average yield, 127 basis points lower than its previous financing.

Portfolio Pulse from

January 16, 2025 | 9:15 pm

Singular Research has highlighted Oportun Financial Corp (NASDAQ: OPRT) for its exceptional Q3 2024 performance, showcasing significant financial improvements and operational efficiencies.

Portfolio Pulse from

December 18, 2024 | 3:45 pm

Oportun (Nasdaq: OPRT) will participate in the Sidoti December Virtual Investor Conference, showcasing its mission-driven financial services.

Portfolio Pulse from

December 02, 2024 | 9:30 pm

Oportun's Holiday Savings Report shows a significant increase in consumer savings, with members saving over 30% more than last year. This indicates a positive trend in financial preparedness for holiday spending.

Portfolio Pulse from

November 20, 2024 | 1:15 pm

Oportun Financial Corporation held its Q3 2024 earnings call, discussing financial results and company performance. Key participants included CEO Raul Vazquez and CFO Jonathan Coblentz.

Portfolio Pulse from

November 13, 2024 | 4:00 am

Oportun Financial (OPRT) released its Q3 earnings report, providing insights into its performance for the quarter ended September 2024. The report includes revenue and EPS figures, which are compared against Wall Street estimates and the previous year's numbers.

Portfolio Pulse from

November 13, 2024 | 1:15 am

Oportun (Nasdaq: OPRT) has completed the sale of its credit card portfolio to Continental Finance, marking a significant step in its strategy to enhance profitability by focusing on its core products.

Portfolio Pulse from

November 12, 2024 | 9:15 pm

Oportun has secured a $235 million Senior Secured Term Loan to refinance its existing corporate financing, enhancing its balance sheet flexibility and profitability. The loan, led by Castlelake L.P. and Neuberger Berman, carries a 15% fixed rate and matures in November 2028.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:09 am

Oportun (NASDAQ:OPRT) plans to sell its credit card portfolio to Continental Finance, expecting an $11M EBITDA boost in 2025. The sale, now closing in November 2024, aims to enhance profitability by focusing on core products.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:03 am

Oportun has secured a $306 million financing extension with Goldman Sachs and Jefferies, enhancing its long-term warehouse facility. This extension supports Oportun's growth by leveraging its unsecured and secured personal loan originations.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 7:18 am

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