Rothschild Capital Partners LLC Acquires New Holdings in On Deck Capital, Inc. (ONDK)

Rothschild Capital Partners LLC acquired a new position in On Deck Capital, Inc. (NYSE:ONDK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,349 shares of the credit services provider’s stock, valued at approximately $445,000. Rothschild Capital Partners LLC owned about 0.13% of On Deck Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ONDK. Bank of New York Mellon Corp increased its holdings 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 worth $1,000,000 after buying an additional 14,957 shares during the last quarter. 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 worth $248,000 after buying an additional 23,623 shares during the last quarter. 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 worth $149,000 after buying an additional 1,940 shares during the last quarter. Vanguard Group Inc. increased its holdings in On Deck Capital by 7.7% in 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 last quarter. Finally, Geode Capital Management LLC increased its holdings in On Deck Capital by 17.4% in the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 49,524 shares during the last quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.

In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the transaction, the executive now owns 154,440 shares of the company’s stock, valued at approximately $713,512.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.40% of the stock is owned by insiders.

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A number of research firms recently commented on ONDK. Zacks Investment Research upgraded On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded On Deck Capital from a “hold” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity restated 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 set a $5.00 target price on shares of On Deck Capital in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.00.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $86.70 million for the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.25) EPS.

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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