Parametric Portfolio Associates LLC reduced its stake in On Deck Capital, Inc. (NYSE:ONDK) by 46.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,475 shares of the credit services provider’s stock after selling 22,690 shares during the period. Parametric Portfolio Associates LLC’s holdings in On Deck Capital were worth $123,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swiss National Bank boosted its position in shares of On Deck Capital by 43.9% during the second quarter. Swiss National Bank now owns 75,400 shares of the credit services provider’s stock worth $351,000 after buying an additional 23,000 shares during the period. Vanguard Group Inc. boosted its position in shares of On Deck Capital by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock worth $15,593,000 after buying an additional 220,242 shares during the period. Alliancebernstein L.P. boosted its position in shares of On Deck Capital by 43.4% during the second quarter. Alliancebernstein L.P. now owns 72,700 shares of the credit services provider’s stock worth $339,000 after buying an additional 22,000 shares during the period. Teachers Advisors LLC boosted its position in shares of On Deck Capital by 28.6% during the second quarter. Teachers Advisors LLC now owns 155,959 shares of the credit services provider’s stock worth $727,000 after buying an additional 34,655 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of On Deck Capital by 39.9% during the second quarter. TIAA CREF Investment Management LLC now owns 318,236 shares of the credit services provider’s stock worth $1,483,000 after buying an additional 90,760 shares during the period. Institutional investors own 56.53% of the company’s stock.

In other news, CEO Noah Breslow bought 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were purchased at an average price of $4.94 per share, with a total value of $59,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 25.40% of the stock is owned by insiders.

Several equities analysts have recently issued reports on ONDK shares. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Saturday, August 12th. Canaccord Genuity reiterated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research report on Sunday, October 1st. Stifel Nicolaus boosted their price objective on On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. BTIG Research reiterated a “hold” rating on shares of On Deck Capital in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.20.

Shares of On Deck Capital, Inc. (NYSE:ONDK) traded down $0.28 during trading hours on Friday, reaching $5.01. The company had a trading volume of 701,959 shares, compared to its average volume of 459,018. On Deck Capital, Inc. has a 1 year low of $3.29 and a 1 year high of $5.82. The company has a current ratio of 26.95, a quick ratio of 26.96 and a debt-to-equity ratio of 2.78.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Monday, November 6th. The credit services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The firm had revenue of $83.67 million for the quarter, compared to the consensus estimate of $84.49 million. During the same period in the previous year, the firm earned ($0.18) EPS. On Deck Capital’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts anticipate that On Deck Capital, Inc. will post -0.22 earnings per share for the current fiscal year.

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

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