TIAA CREF Investment Management LLC increased its holdings in shares of On Deck Capital, Inc. (NYSE:ONDK) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 318,236 shares of the credit services provider’s stock after acquiring an additional 90,760 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.44% of On Deck Capital worth $1,483,000 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 ONDK. Vanguard Group Inc. boosted its position in 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 acquiring an additional 220,242 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in On Deck Capital by 364.8% during the first quarter. Dimensional Fund Advisors LP now owns 169,370 shares of the credit services provider’s stock worth $853,000 after purchasing an additional 132,927 shares during the period. Schwab Charles Investment Management Inc. raised its stake in On Deck Capital by 50.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 157,078 shares of the credit services provider’s stock worth $792,000 after purchasing an additional 52,428 shares during the period. Geode Capital Management LLC raised its stake in On Deck Capital by 17.4% during the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 49,524 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in On Deck Capital during the second quarter worth about $220,000. Hedge funds and other institutional investors own 53.91% of the company’s stock.
A number of brokerages have commented on ONDK. BidaskClub downgraded shares of On Deck Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $5.00 target price on shares of On Deck Capital in a research note on Friday, July 14th. Zacks Investment Research raised shares of On Deck Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $5.00 target price on shares of On Deck Capital in a research note on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. On Deck Capital currently has an average rating of “Hold” and a consensus target price of $5.00.
Shares of On Deck Capital, Inc. (NYSE ONDK) opened at $5.17 on Monday. The company has a debt-to-equity ratio of 2.86, a current ratio of 25.20 and a quick ratio of 25.20.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $86.70 million for 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 was up 24.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.25) EPS. research analysts expect that On Deck Capital, Inc. will post -0.19 earnings per share for the current fiscal year.
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In other news, CRO Andrea Gellert sold 25,147 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the sale, the executive now directly 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 is available through this hyperlink. 25.40% of the stock is currently owned by insiders.
On Deck Capital 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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