Stock Traders Purchase High Volume of On Deck Capital Put Options (ONDK)

On Deck Capital, Inc. (NYSE:ONDK) was the recipient of some unusual options trading on Wednesday. Traders bought 1,152 put options on the stock. This is an increase of approximately 1,240% compared to the average daily volume of 86 put options.

In other news, CEO Noah Breslow purchased 12,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was purchased at an average price of $4.94 per share, with a total value of $59,280.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 25.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its position in On Deck Capital by 43.9% during the 2nd quarter. Swiss National Bank now owns 75,400 shares of the credit services provider’s stock worth $351,000 after acquiring an additional 23,000 shares during the last quarter. Rothschild Capital Partners LLC bought a new stake in On Deck Capital during the 3rd quarter worth approximately $445,000. State Street Corp grew its position in On Deck Capital by 10.6% during the 2nd quarter. State Street Corp now owns 814,082 shares of the credit services provider’s stock worth $3,794,000 after acquiring an additional 78,345 shares during the last quarter. 683 Capital Management LLC bought a new stake in On Deck Capital during the 3rd quarter worth approximately $9,340,000. Finally, Alliancebernstein L.P. grew its position in On Deck Capital by 43.4% during the 2nd quarter. Alliancebernstein L.P. now owns 72,700 shares of the credit services provider’s stock worth $339,000 after acquiring an additional 22,000 shares during the last quarter. Institutional investors and hedge funds own 56.74% of the company’s stock.

A number of equities analysts have recently issued reports on the company. BTIG Research reissued a “hold” rating on shares of On Deck Capital in a report on Wednesday. Morgan Stanley increased their target price on On Deck Capital from $5.00 to $5.50 and gave the stock an “equal weight” rating in a report on Wednesday. Zacks Investment Research raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub cut On Deck Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus increased their target price on On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $5.25.

On Deck Capital (NYSE:ONDK) opened at $5.10 on Thursday. On Deck Capital has a twelve month low of $3.29 and a twelve month high of $6.36. The company has a debt-to-equity ratio of 2.78, a quick ratio of 26.96 and a current ratio of 26.95.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $87.74 million during the quarter, compared to analysts’ expectations of $87.48 million. On Deck Capital had a negative return on equity of 4.44% and a negative net margin of 3.29%. On Deck Capital’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.50) EPS. equities research analysts predict that On Deck Capital will post 0.13 EPS for the current fiscal year.

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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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