Wasatch Advisors LP Reports 13.0% Stake in Open Lending Corp.
Ticker: LPRO · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1806201
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Wasatch Advisors LP just confirmed a 13.0% stake in Open Lending, a big vote of confidence!**
AI Summary
Wasatch Advisors LP, an investment adviser, has filed an amendment to their Schedule 13G, indicating they now beneficially own 15,547,949 shares of Open Lending Corp. Common Stock, representing 13.0% of the class. This is an update to their previous holdings, showing a significant stake in the company. For investors, this signals that a major institutional investor maintains a strong conviction in Open Lending, which could be seen as a vote of confidence in the company's future performance.
Why It Matters
A large institutional investor like Wasatch Advisors LP holding a 13.0% stake suggests confidence in Open Lending Corp.'s long-term prospects, potentially influencing other investors' perceptions and the stock's stability.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and provides a floor for the stock.
Analyst Insight
Investors should view this significant institutional holding as a positive signal, potentially indicating long-term value and stability for Open Lending Corp. stock. It might warrant further research into Open Lending's fundamentals and Wasatch Advisors' investment thesis.
Key Numbers
- 15,547,949 — Shares Owned (Total shares of Open Lending Corp. Common Stock beneficially owned by Wasatch Advisors LP.)
- 13.0% — Percent of Class (The percentage of Open Lending Corp.'s Common Stock class owned by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — reporting person and investment adviser
- Open Lending Corp. (company) — issuer of the securities
- 15,547,949 (dollar_amount) — number of shares beneficially owned
- 13.0% (dollar_amount) — percent of class owned by Wasatch Advisors LP
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant stake in Open Lending Corp. for the foreseeable future. (Wasatch Advisors LP) — high confidence, target: 2025-02-09
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 4) by Wasatch Advisors LP to report their beneficial ownership of 15,547,949 shares, representing 13.0% of the Common Stock of Open Lending Corp., as an investment adviser.
Who is the reporting person in this filing, and what is their role?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 3(e) of the filing.
How many shares of Open Lending Corp. Common Stock does Wasatch Advisors LP beneficially own?
Wasatch Advisors LP beneficially owns 15,547,949 shares of Open Lending Corp. Common Stock, as detailed in Item 9 and Item 4(a) of the filing.
What percentage of Open Lending Corp.'s Common Stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 13.0% of the class of Open Lending Corp.'s Common Stock, as indicated in Item 11 and Item 4(b) of the filing.
Does Wasatch Advisors LP have sole or shared voting and dispositive power over these shares?
Wasatch Advisors LP has sole voting power over 15,547,949 shares and sole dispositive power over 15,547,949 shares, with zero shared voting or dispositive power, according to Items 5-8 and Item 4(c) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding Open Lending Corp (LPRO).