Richard P Slaughter Associates Inc Cuts Stake in Opera Limited (NASDAQ:OPRA)

Richard P Slaughter Associates Inc trimmed its stake in Opera Limited (NASDAQ:OPRA) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,695 shares of the company’s stock after selling 614 shares during the quarter. Opera comprises 0.8% of Richard P Slaughter Associates Inc’s portfolio, making the stock its 26th largest position. Richard P Slaughter Associates Inc owned about 0.22% of Opera worth $3,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of OPRA. GAMMA Investing LLC grew its holdings in shares of Opera by 135.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock worth $32,000 after purchasing an additional 1,186 shares during the period. Larson Financial Group LLC purchased a new stake in Opera during the third quarter worth approximately $61,000. Blue Trust Inc. increased its position in shares of Opera by 334.7% in the third quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock worth $65,000 after acquiring an additional 3,216 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Opera in the 3rd quarter valued at $74,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Opera in the second quarter valued at about $112,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $25.00 target price (up previously from $24.00) on shares of Opera in a research note on Wednesday, October 30th. TD Cowen boosted their target price on shares of Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Lake Street Capital boosted their price objective on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.75.

Opera Trading Up 1.3 %

OPRA opened at $17.78 on Wednesday. Opera Limited has a 12-month low of $10.11 and a 12-month high of $20.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $1.57 billion, a PE ratio of 9.03 and a beta of 1.06. The firm’s fifty day moving average price is $18.97 and its 200 day moving average price is $15.86.

Opera Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, January 13th. Investors of record on Monday, January 6th were paid a $0.40 dividend. The ex-dividend date was Monday, January 6th. This represents a yield of 3.9%. Opera’s dividend payout ratio (DPR) is 39.59%.

About Opera

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.