Virtu Financial LLC Invests $432,000 in Opera Limited (NASDAQ:OPRA)

Virtu Financial LLC purchased a new stake in Opera Limited (NASDAQ:OPRA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,690 shares of the company’s stock, valued at approximately $432,000.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Opera in the third quarter valued at approximately $29,000. Tucker Asset Management LLC grew its stake in Opera by 25.1% in the 3rd quarter. Tucker Asset Management LLC now owns 6,700 shares of the company’s stock valued at $76,000 after acquiring an additional 1,344 shares during the period. Redwood Wealth Management Group LLC purchased a new stake in Opera in the 4th quarter worth $139,000. Worth Venture Partners LLC raised its position in Opera by 25.8% during the fourth quarter. Worth Venture Partners LLC now owns 12,924 shares of the company’s stock worth $171,000 after acquiring an additional 2,648 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in Opera during the fourth quarter valued at $185,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Opera Price Performance

Opera stock opened at $14.18 on Wednesday. The company has a fifty day simple moving average of $14.07 and a 200-day simple moving average of $13.25. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 7.54 and a beta of 0.93. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.01. Opera Limited has a 52-week low of $10.30 and a 52-week high of $28.58.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Opera had a return on equity of 19.52% and a net margin of 41.00%. The company had revenue of $101.87 million for the quarter, compared to analyst estimates of $100.60 million. On average, equities analysts anticipate that Opera Limited will post 0.78 EPS for the current fiscal year.

Opera Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, July 2nd. Opera’s dividend payout ratio (DPR) is presently 41.49%.

Analyst Ratings Changes

Several research analysts recently weighed in on OPRA shares. TheStreet upgraded shares of Opera from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. TD Cowen increased their target price on Opera from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Opera Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.