Hennion & Walsh Asset Management Inc. Buys 17,865 Shares of Opera Limited (NASDAQ:OPRA)

Hennion & Walsh Asset Management Inc. raised its stake in Opera Limited (NASDAQ:OPRA) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,873 shares of the company’s stock after buying an additional 17,865 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Opera were worth $2,005,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Opera by 135.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,062 shares of the company’s stock valued at $32,000 after buying an additional 1,186 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Opera in the 3rd quarter valued at about $61,000. Blue Trust Inc. boosted its position in shares of Opera by 334.7% during the 3rd quarter. Blue Trust Inc. now owns 4,177 shares of the company’s stock valued at $65,000 after purchasing an additional 3,216 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Opera during the 3rd quarter valued at about $74,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Opera during the 2nd quarter valued at about $112,000. Institutional investors own 10.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OPRA. TD Cowen upped their target price on Opera from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. B. Riley restated a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital upped their target price on Opera from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Opera has an average rating of “Buy” and a consensus price target of $24.75.

Opera Stock Up 3.0 %

Shares of NASDAQ:OPRA opened at $18.28 on Friday. The business’s 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $15.91. The firm has a market cap of $1.62 billion, a P/E ratio of 9.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10. Opera Limited has a 52-week low of $10.11 and a 52-week high of $20.70.

Opera Announces Dividend

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

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.