Oportun Financial up after top shareholder Findell pushes for leadership change
ReutersMar 20, 2025 3:36 PM
Consumer lender Oportun Financial's OPRT.O shares rise 8.1% to $6.16
Investment firm Findell Capital, OPRT's top shareholder with 9.1% stake, announces intent to nominate two directors to replace OPRT CEO Raul Vasquez and lead director Neil Williams
Investor says OPRT is "significantly undervalued" while board members lack lending experience
OPRT had last year agreed to add two lending industry veterans put forth by Findell
Findell says OPRT can improve business performance and valuation under new leadership by reducing costs and focusing on the core lending business
OPRT stock has fallen 23% in past one month
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