Schwab Charles Investment Management Inc. Acquires 35,183 Shares of On Deck Capital Inc (ONDK)

Schwab Charles Investment Management Inc. increased its holdings in shares of On Deck Capital Inc (NYSE:ONDK) by 16.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,711 shares of the credit services provider’s stock after purchasing an additional 35,183 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.33% of On Deck Capital worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ONDK. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of On Deck Capital in the second quarter valued at approximately $262,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of On Deck Capital by 40.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 304,637 shares of the credit services provider’s stock valued at $2,132,000 after buying an additional 87,867 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of On Deck Capital in the second quarter valued at approximately $118,000. Cambria Investment Management L.P. acquired a new stake in shares of On Deck Capital in the second quarter valued at approximately $317,000. Finally, Acadian Asset Management LLC lifted its position in shares of On Deck Capital by 126.3% in the second quarter. Acadian Asset Management LLC now owns 207,658 shares of the credit services provider’s stock valued at $1,453,000 after buying an additional 115,896 shares during the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on ONDK shares. BTIG Research cut On Deck Capital from a “neutral” rating to a “sell” rating in a report on Tuesday, August 14th. ValuEngine cut On Deck Capital from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. B. Riley started coverage on On Deck Capital in a report on Wednesday, August 22nd. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a report on Tuesday, August 14th. Finally, Morgan Stanley cut On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price target for the company. in a report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.43.

NYSE:ONDK opened at $6.91 on Friday. The company has a market cap of $565.11 million, a P/E ratio of -43.19 and a beta of 1.63. The company has a quick ratio of 26.85, a current ratio of 26.85 and a debt-to-equity ratio of 2.72. On Deck Capital Inc has a 1-year low of $4.11 and a 1-year high of $9.41.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.15. The business had revenue of $95.62 million during the quarter, compared to analysts’ expectations of $88.53 million. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%. As a group, equities research analysts forecast that On Deck Capital Inc will post 0.28 earnings per share for the current year.

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 was incorporated in 2006 and is headquartered in New York, New York.

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

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