Evergreen Capital Management LLC increased its stake in LendingClub Corporation (NYSE:LC) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,625 shares of the credit services provider’s stock after buying an additional 58,190 shares during the period. Evergreen Capital Management LLC owned about 0.11% of LendingClub Corporation worth $2,400,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in LendingClub Corporation by 37,517.7% in the first quarter. Bank of Montreal Can now owns 263,700 shares of the credit services provider’s stock valued at $1,448,000 after buying an additional 262,999 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in LendingClub Corporation by 871.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,071,460 shares of the credit services provider’s stock valued at $5,882,000 after buying an additional 961,141 shares during the last quarter. Vanguard Group Inc. increased its stake in LendingClub Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 27,102,968 shares of the credit services provider’s stock valued at $148,795,000 after buying an additional 1,119,288 shares during the last quarter. Karp Capital Management Corp bought a new stake in LendingClub Corporation during the first quarter valued at approximately $321,000. Finally, Bank of America Corp DE increased its stake in LendingClub Corporation by 497.0% in the first quarter. Bank of America Corp DE now owns 2,575,241 shares of the credit services provider’s stock valued at $14,138,000 after buying an additional 2,143,870 shares during the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

LendingClub Corporation (NYSE LC) opened at 6.10 on Tuesday. The firm has a 50-day moving average of $5.53 and a 200 day moving average of $5.61. The firm’s market capitalization is $2.51 billion. LendingClub Corporation has a 12-month low of $4.64 and a 12-month high of $6.78.

LendingClub Corporation (NYSE:LC) last issued its earnings results on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $139.60 million for the quarter, compared to the consensus estimate of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, equities analysts predict that LendingClub Corporation will post $0.04 EPS for the current year.

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LC has been the subject of a number of research reports. ValuEngine upgraded shares of LendingClub Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Vetr upgraded shares of LendingClub Corporation from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Monday, May 8th. CIBC upgraded shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of LendingClub Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.78.

In other news, CEO Scott Sanborn sold 46,667 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $5.77, for a total value of $269,268.59. Following the transaction, the chief executive officer now owns 970,337 shares in the company, valued at approximately $5,598,844.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Sameer Gulati sold 8,305 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $5.08, for a total value of $42,189.40. Following the completion of the transaction, the chief operating officer now owns 265,657 shares in the company, valued at approximately $1,349,537.56. The disclosure for this sale can be found here. Insiders sold a total of 63,142 shares of company stock worth $358,027 in the last quarter. 11.40% of the stock is owned by corporate insiders.

LendingClub Corporation Company Profile

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

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Institutional Ownership by Quarter for LendingClub Corporation (NYSE:LC)

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