On Deck Capital Inc (ONDK) Position Increased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of On Deck Capital Inc (NYSE:ONDK) by 48.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,427 shares of the credit services provider’s stock after purchasing an additional 21,750 shares during the period. Rhumbline Advisers owned 0.09% of On Deck Capital worth $392,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of On Deck Capital by 13.7% during the 2nd quarter. Northern Trust Corp now owns 580,884 shares of the credit services provider’s stock worth $4,066,000 after acquiring an additional 69,860 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in On Deck Capital in the 3rd quarter valued at $384,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in On Deck Capital by 384.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 81,357 shares of the credit services provider’s stock valued at $616,000 after buying an additional 64,551 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 buying an additional 86,665 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in On Deck Capital in the 3rd quarter valued at $1,039,000. Institutional investors own 71.63% of the company’s stock.

In other news, Director Ronald F. Verni bought 6,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was purchased at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the completion of the transaction, the director now owns 84,283 shares of the company’s stock, valued at $496,426.87. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Noah Breslow bought 8,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was purchased at an average price of $5.93 per share, with a total value of $47,440.00. Following the completion of the transaction, the chief executive officer now directly owns 730,644 shares of the company’s stock, valued at approximately $4,332,718.92. The disclosure for this purchase can be found here. 21.40% of the stock is owned by corporate insiders.

Shares of ONDK stock traded up $0.04 on Friday, hitting $5.24. 316,492 shares of the company’s stock were exchanged, compared to its average volume of 398,290. The company has a quick ratio of 27.45, a current ratio of 27.45 and a debt-to-equity ratio of 2.68. On Deck Capital Inc has a 12 month low of $5.11 and a 12 month high of $9.41. The company has a market cap of $394.72 million, a P/E ratio of 12.19 and a beta of 1.81.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. The business had revenue of $109.48 million during the quarter, compared to the consensus estimate of $105.27 million. During the same period in the prior year, the company earned $0.10 EPS. On Deck Capital’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities research analysts anticipate that On Deck Capital Inc will post 0.31 earnings per share for the current fiscal year.

ONDK has been the topic of a number of research reports. ValuEngine lowered On Deck Capital from a “hold” rating to a “sell” rating in a report on Monday, December 17th. Maxim Group started coverage on On Deck Capital in a report on Thursday, December 20th. They set a “buy” rating on the stock. B. Riley reissued a “buy” rating and set a $12.00 target price (down from $14.00) on shares of On Deck Capital in a report on Wednesday, February 13th. Finally, Zacks Investment Research lowered On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.25.

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On Deck Capital 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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

Further Reading: Gross Domestic Product (GDP)

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

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