Hancock Whitney Corp reduced its holdings in On Deck Capital Inc (NYSE:ONDK) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,904 shares of the credit services provider’s stock after selling 30,505 shares during the quarter. Hancock Whitney Corp owned approximately 0.19% of On Deck Capital worth $855,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in On Deck Capital by 14.4% during the third quarter. JPMorgan Chase & Co. now owns 688,977 shares of the credit services provider’s stock worth $5,216,000 after acquiring an additional 86,665 shares during the last quarter. Renaissance Technologies LLC increased its stake in On Deck Capital by 49.4% during the third quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock worth $27,160,000 after acquiring an additional 1,185,600 shares during the last quarter. GSA Capital Partners LLP increased its stake in On Deck Capital by 81.1% during the third quarter. GSA Capital Partners LLP now owns 265,851 shares of the credit services provider’s stock worth $2,012,000 after acquiring an additional 119,084 shares during the last quarter. BlackRock Inc. increased its stake in On Deck Capital by 5.0% during the third quarter. BlackRock Inc. now owns 3,589,836 shares of the credit services provider’s stock worth $27,174,000 after acquiring an additional 169,668 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in On Deck Capital by 187.3% during the third quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 2,263 shares during the last quarter. Hedge funds and other institutional investors own 71.63% of the company’s stock.
Shares of ONDK opened at $5.24 on Friday. The stock has a market capitalization of $402.31 million, a P/E ratio of 12.19 and a beta of 1.81. On Deck Capital Inc has a one year low of $5.11 and a one year high of $9.41. 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 (NYSE:ONDK) last released its earnings results on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $109.48 million for the quarter, compared to the consensus estimate of $105.27 million. During the same quarter last year, the business posted $0.10 EPS. On Deck Capital’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, research analysts anticipate that On Deck Capital Inc will post 0.31 EPS for the current year.
A number of research analysts recently commented on ONDK shares. Maxim Group started coverage on On Deck Capital in a report on Thursday, December 20th. They issued a “buy” rating for the company. B. Riley reissued a “buy” rating and issued a $12.00 price target (down previously from $14.00) on shares of On Deck Capital in a report on Wednesday, February 13th. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.25.
In related news, Director Ronald F. Verni purchased 6,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the transaction, the director now owns 84,283 shares of the company’s stock, valued at $496,426.87. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Noah Breslow purchased 8,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were bought 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 directly owns 730,644 shares in the company, valued at approximately $4,332,718.92. The disclosure for this purchase can be found here. Company insiders own 21.40% of the company’s stock.
About On Deck Capital
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.
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