TIAA CREF Investment Management LLC Lowers Position in On Deck Capital, Inc. (ONDK)

TIAA CREF Investment Management LLC reduced its stake in shares of On Deck Capital, Inc. (NYSE:ONDK) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 227,476 shares of the credit services provider’s stock after selling 8,926 shares during the period. TIAA CREF Investment Management LLC’s holdings in On Deck Capital were worth $1,146,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake 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 during the last quarter. Conservest Capital Advisors Inc. bought a new stake in On Deck Capital during the first quarter valued at $234,000. Parametric Portfolio Associates LLC boosted its stake 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 during the last quarter. Teachers Advisors LLC boosted its stake 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in On Deck Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 198,316 shares of the credit services provider’s stock valued at $1,000,000 after buying an additional 14,957 shares during the last quarter. Institutional investors and hedge funds own 57.98% of the company’s stock.

On Deck Capital, Inc. (ONDK) traded up 0.520% during mid-day trading on Wednesday, hitting $4.835. 31,894 shares of the stock traded hands. The firm’s 50-day moving average price is $4.58 and its 200-day moving average price is $4.58. The firm’s market cap is $353.60 million. On Deck Capital, Inc. has a 52 week low of $3.29 and a 52 week high of $6.46.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data 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 firm 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 for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.25) EPS. On average, equities analysts forecast that On Deck Capital, Inc. will post ($0.03) earnings per share for the current fiscal year.

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A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Saturday. BidaskClub upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a research note on Friday, July 14th. ValuEngine upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, FBR & Co upgraded shares of On Deck Capital from a “market perform” rating to an “outperform” rating and set a $5.00 price target for the company in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.72.

In other news, CEO Noah Breslow purchased 14,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was bought at an average price of $3.57 per share, with a total value of $49,980.00. Following the acquisition, the chief executive officer now owns 213,117 shares in the company, valued at approximately $760,827.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce P. Nolop purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average cost of $3.59 per share, with a total value of $35,900.00. Following the acquisition, the director now owns 77,985 shares in the company, valued at approximately $279,966.15. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 39,000 shares of company stock valued at $139,280. 25.40% of the stock is currently owned by insiders.

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

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