LendingClub Corp (NYSE:LC) Insider Valerie Kay Sells 1,900 Shares
LendingClub Corp (NYSE:LC) insider Valerie Kay sold 1,900 shares of LendingClub stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $12.92, for a total transaction of $24,548.00. Following the completion of the transaction, the insider now directly owns 60,437 shares in the company, valued at approximately $780,846.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Valerie Kay also recently made the following trade(s):
- On Monday, November 11th, Valerie Kay sold 1,900 shares of LendingClub stock. The stock was sold at an average price of $14.54, for a total transaction of $27,626.00.
- On Wednesday, October 9th, Valerie Kay sold 10,000 shares of LendingClub stock. The stock was sold at an average price of $24.53, for a total transaction of $245,300.00.
- On Friday, October 11th, Valerie Kay sold 1,900 shares of LendingClub stock. The stock was sold at an average price of $11.78, for a total transaction of $22,382.00.
NYSE:LC traded down $0.01 during trading hours on Friday, hitting $13.01. 320,500 shares of the company were exchanged, compared to its average volume of 551,297. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -37.17 and a beta of 1.63. LendingClub Corp has a 52-week low of $10.89 and a 52-week high of $18.85. The company has a debt-to-equity ratio of 1.97, a current ratio of 5.93 and a quick ratio of 4.20. The company’s 50 day moving average price is $13.40 and its 200-day moving average price is $11.39.
A number of large investors have recently added to or reduced their stakes in LC. Aperio Group LLC purchased a new stake in LendingClub during the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC acquired a new stake in LendingClub during the 3rd quarter valued at approximately $33,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in LendingClub during the 2nd quarter valued at approximately $54,000. Prudential Financial Inc. lifted its stake in LendingClub by 9.0% during the 2nd quarter. Prudential Financial Inc. now owns 23,470 shares of the credit services provider’s stock valued at $77,000 after acquiring an additional 1,930 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in LendingClub during the 3rd quarter valued at approximately $98,000. 91.64% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of LendingClub from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday. Maxim Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of LendingClub in a research report on Thursday, November 7th. ValuEngine raised shares of LendingClub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BTIG Research cut their price objective on shares of LendingClub from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.40.
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.
See Also: What is FinTech?
Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.