Open Lending Corp (LPRO)

• Market cap: $701M
• 1 day: -0.34%
• 5 days: 3.16%
• 1 month: -5.78%
• 3 months: -2.98%
• 6 months: -0.51%
• Year to date: -30.29%
• 1 year: -27.53%
• 5 years: -54.50%
• 10 years: -54.50%
• Sector: Financials
• Industry: Personal Credit Institutions

About: Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.

Employees: 210

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

231% more call options, than puts

Call options by funds: $202K | Put options by funds: $61K

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

12% more capital invested

Capital invested by funds: $497M [Q2] → $555M (+$57.7M) [Q3]

1.28% more ownership

Funds ownership: 74.75% [Q2] → 76.03% (+1.28%) [Q3]

6% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 17

1% more funds holding

Funds holding: 136 [Q2] → 137 (+1) [Q3]

13% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 46