Bank of America Corp DE lowered its position in On Deck Capital, Inc. (NYSE:ONDK) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,341 shares of the credit services provider’s stock after selling 20,997 shares during the period. Bank of America Corp DE owned 0.10% of On Deck Capital worth $380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in On Deck Capital by 50.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 157,078 shares of the credit services provider’s stock worth $792,000 after buying an additional 52,428 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of On Deck Capital by 364.8% in the first quarter. Dimensional Fund Advisors LP now owns 169,370 shares of the credit services provider’s stock valued at $853,000 after buying an additional 132,927 shares during the period. Geode Capital Management LLC increased its stake in shares of On Deck Capital by 17.4% in the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 49,524 shares during the period. Vanguard Group Inc. increased its stake in shares of On Deck Capital by 7.7% in the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after buying an additional 220,242 shares during the period. Finally, American International Group Inc. increased its stake in shares of 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 valued at $149,000 after buying an additional 1,940 shares during the period. 53.78% of the stock is currently owned by institutional investors.

On Deck Capital, Inc. (ONDK) traded down 2.558% during mid-day trading on Tuesday, reaching $4.609. The company had a trading volume of 100,679 shares. The stock’s market capitalization is $337.07 million. On Deck Capital, Inc. has a 52-week low of $3.29 and a 52-week high of $6.46. The company’s 50 day moving average is $4.59 and its 200 day moving average is $4.57.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.09. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The firm had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. During the same period in the previous year, the firm posted ($0.25) earnings per share. The business’s revenue was up 24.7% compared to the same quarter last year. Equities analysts predict that On Deck Capital, Inc. will post ($0.03) earnings per share for the current year.

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Several analysts recently issued reports on the company. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Saturday, August 12th. BidaskClub raised On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. ValuEngine raised On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, FBR & Co raised On Deck Capital from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.66.

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.

Institutional Ownership by Quarter for On Deck Capital (NYSE:ONDK)

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