On Deck Capital, Inc. (ONDK) Stake Maintained by Sapphire Ventures L.L.C.
Sapphire Ventures L.L.C. held its position in On Deck Capital, Inc. (NYSE:ONDK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,686,354 shares of the credit services provider’s stock at the end of the second quarter. On Deck Capital makes up 22.9% of Sapphire Ventures L.L.C.’s investment portfolio, making the stock its 2nd largest position. Sapphire Ventures L.L.C. owned about 7.84% of On Deck Capital worth $26,498,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of ONDK. American International Group Inc. raised its position in On Deck Capital by 7.0% in the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock worth $149,000 after buying an additional 1,940 shares during the last quarter. Alpine Woods Capital Investors LLC increased its position in On Deck Capital by 40.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after buying an additional 10,000 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in On Deck Capital during the first quarter valued at approximately $182,000. Marshall Wace North America L.P. bought a new position in On Deck Capital during the second quarter valued at approximately $220,000. Finally, Conservest Capital Advisors Inc. bought a new position in On Deck Capital during the first quarter valued at approximately $234,000. Institutional investors and hedge funds own 57.98% of the company’s stock.
On Deck Capital, Inc. (NYSE:ONDK) traded up 0.85% during midday trading on Friday, reaching $4.75. 65,778 shares of the company were exchanged. The firm’s 50 day moving average price is $4.59 and its 200-day moving average price is $4.57. The stock’s market capitalization is $347.38 million. On Deck Capital, Inc. has a 52 week low of $3.29 and a 52 week high of $6.46.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The firm had revenue of $86.70 million for the quarter, compared to analyst estimates of $88.53 million. During the same period last year, the company earned ($0.25) EPS. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts forecast that On Deck Capital, Inc. will post ($0.03) EPS for the current fiscal year.
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Several equities analysts have recently commented on the stock. BidaskClub raised shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Saturday, August 12th. FBR & Co lowered their target price on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating on the stock in a report on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a report on Friday, July 14th. Finally, Stifel Nicolaus downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating and lowered their target price for the stock from $6.00 to $4.50 in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. On Deck Capital has an average rating of “Hold” and a consensus price target of $5.66.
In related news, Director Bruce P. Nolop bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $3.59 per share, for a total transaction of $35,900.00. Following the acquisition, the director now owns 77,985 shares in the company, valued at approximately $279,966.15. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 25.40% of the company’s stock.
About On Deck Capital
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
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