On Deck Capital, Inc. (ONDK) Holdings Lifted by Rhumbline Advisers
Rhumbline Advisers raised its position in On Deck Capital, Inc. (NYSE:ONDK) by 13.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,682 shares of the credit services provider’s stock after buying an additional 6,620 shares during the period. Rhumbline Advisers owned about 0.08% of On Deck Capital worth $269,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American International Group Inc. increased its holdings 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 valued at $149,000 after buying an additional 1,940 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in On Deck Capital in the first quarter valued at $182,000. Parametric Portfolio Associates LLC increased its holdings in On Deck Capital by 92.5% in the first quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock valued at $248,000 after buying an additional 23,623 shares in the last quarter. Teachers Advisors LLC increased its holdings in On Deck Capital by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 110,994 shares of the credit services provider’s stock valued at $514,000 after buying an additional 33,081 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings 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 valued at $792,000 after buying an additional 52,428 shares in the last quarter. 53.77% of the stock is owned by institutional investors.
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A number of research firms have weighed in on ONDK. 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 price objective for the company in a report on Saturday, August 12th. Canaccord Genuity reaffirmed a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Sunday, October 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.00.
Shares of On Deck Capital, Inc. (NYSE ONDK) opened at 4.81 on Thursday. The stock has a 50 day moving average of $4.70 and a 200 day moving average of $4.48. The firm’s market cap is $351.77 million. On Deck Capital, Inc. has a 12 month low of $3.29 and a 12 month high of $5.88.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. The business had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.25) EPS. On average, equities research analysts expect that On Deck Capital, Inc. will post ($0.02) EPS for the current fiscal year.
In other news, CRO Andrea Gellert sold 25,147 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the transaction, the executive now owns 154,440 shares in the company, valued at approximately $713,512.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.40% of the company’s stock.
On Deck Capital Company Profile
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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