Algert Global LLC purchased a new stake in On Deck Capital Inc (NYSE:ONDK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,247 shares of the credit services provider’s stock, valued at approximately $312,000. Algert Global LLC owned 0.05% of On Deck Capital at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Laurion Capital Management LP acquired a new position in On Deck Capital during the 3rd quarter worth approximately $837,000. Ibex Investors LLC acquired a new position in shares of On Deck Capital in the 3rd quarter valued at approximately $214,000. Renaissance Technologies LLC raised its position in shares of On Deck Capital by 49.4% in the 3rd quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock valued at $27,160,000 after purchasing an additional 1,185,600 shares in the last quarter. Citadel Advisors LLC raised its position in shares of On Deck Capital by 71.0% in the 3rd quarter. Citadel Advisors LLC now owns 244,122 shares of the credit services provider’s stock valued at $1,848,000 after purchasing an additional 101,336 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of On Deck Capital by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 688,977 shares of the credit services provider’s stock valued at $5,216,000 after purchasing an additional 86,665 shares in the last quarter. Institutional investors own 76.92% of the company’s stock.
ONDK has been the topic of a number of recent analyst reports. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Janney Montgomery Scott set a $12.00 price target on On Deck Capital and gave the company a “buy” rating in a report on Tuesday, November 6th. BTIG Research upgraded On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 price target for the company in a report on Monday, October 8th. UBS Group upgraded On Deck Capital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.00 to $11.00 in a report on Wednesday, November 28th. Finally, B. Riley set a $14.00 price objective on On Deck Capital and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.54.
In other news, Director David Hartwig sold 105,825 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $8.30, for a total value of $878,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.40% of the company’s stock.
Shares of NYSE:ONDK traded up $0.01 on Wednesday, hitting $5.91. The company’s stock had a trading volume of 247,062 shares, compared to its average volume of 623,571. The company has a debt-to-equity ratio of 2.80, a quick ratio of 29.62 and a current ratio of 29.62. The stock has a market cap of $442.77 million, a price-to-earnings ratio of -36.94 and a beta of 1.73. On Deck Capital Inc has a 12 month low of $4.11 and a 12 month high of $9.41.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.11. The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $98.32 million. On Deck Capital had a return on equity of 9.36% and a net margin of 4.97%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. On average, equities research analysts predict that On Deck Capital Inc will post 0.38 EPS for the current year.
On Deck Capital Company Profile
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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