On Deck Capital Inc (ONDK) Shares Bought by BlackRock Inc.

BlackRock Inc. boosted its position in shares of On Deck Capital Inc (NYSE:ONDK) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,674,855 shares of the credit services provider’s stock after buying an additional 85,019 shares during the period. BlackRock Inc. owned 4.90% of On Deck Capital worth $21,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ONDK. Federated Investors Inc. PA increased its holdings in shares of On Deck Capital by 187.3% in the third quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 2,263 shares during the period. Quantamental Technologies LLC acquired a new position in shares of On Deck Capital in the fourth quarter valued at approximately $33,000. State Board of Administration of Florida Retirement System acquired a new position in shares of On Deck Capital in the fourth quarter valued at approximately $59,000. Meeder Asset Management Inc. increased its holdings in shares of On Deck Capital by 337.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 7,937 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of On Deck Capital in the fourth quarter valued at approximately $69,000. 71.63% of the stock is currently owned by institutional investors.

Shares of ONDK stock opened at $5.24 on Friday. On Deck Capital Inc has a 1-year low of $5.11 and a 1-year high of $9.41. The firm has a market cap of $394.72 million, a P/E ratio of 12.19 and a beta of 1.81. The company has a current ratio of 27.45, a quick ratio of 27.45 and a debt-to-equity ratio of 2.68.

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 Zacks’ 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 firm had revenue of $109.48 million for the quarter, compared to analyst estimates of $105.27 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. On Deck Capital’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts predict that On Deck Capital Inc will post 0.31 EPS for the current fiscal year.

A number of research firms have recently issued reports on ONDK. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Maxim Group lowered On Deck Capital from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. B. Riley reaffirmed a “buy” rating and set a $12.00 price objective (down previously 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 given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $9.25.

In other news, Director Ronald F. Verni bought 6,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were bought 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 in the company, valued at $496,426.87. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Noah Breslow bought 8,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were purchased at an average price of $5.93 per share, for a total transaction of $47,440.00. Following the completion of the transaction, the chief executive officer now 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 currently owned by insiders.

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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 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.

See Also: Compound Annual Growth Rate (CAGR)

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

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