Published on 14 Mar 2024 on Insider Monkey via Yahoo Finance
Oportun (OPRT) Fell on Rising Credit Losses
ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Value Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy underperformed the benchmark Russell 2000 Value Index in the fourth quarter. The strategy generated gains across eight of the 11 sectors in which it was invested during the quarter, on an absolute basis. Overall sector allocation and stock selection effects detracted from the performance on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.
ClearBridge Small Cap Value Strategy featured stocks like Oportun Financial Corporation (NASDAQ:OPRT) in the fourth quarter 2023 investor letter. Headquartered in San Carlos, California, Oportun Financial Corporation (NASDAQ:OPRT) offers financial services. On March 13, 2024, Oportun Financial Corporation (NASDAQ:OPRT) stock closed at $3.6500 per share. One-month return of Oportun Financial Corporation (NASDAQ:OPRT) was -5.44%, and its shares gained 28.52% of their value over the last 52 weeks. Oportun Financial Corporation (NASDAQ:OPRT) has a market capitalization of $124.94 million.
ClearBridge Small Cap Value Strategy stated the following regarding Oportun Financial Corporation (NASDAQ:OPRT) in its fourth quarter 2023 investor letter: