Acadian Asset Management LLC grew its stake in shares of On Deck Capital Inc (NYSE:ONDK) by 104.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 425,595 shares of the credit services provider’s stock after buying an additional 217,937 shares during the quarter. Acadian Asset Management LLC owned 0.57% of On Deck Capital worth $3,223,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Columbus Circle Investors purchased a new stake in On Deck Capital in the 3rd quarter worth $7,565,000. Russell Investments Group Ltd. purchased a new stake in On Deck Capital in the 3rd quarter worth $384,000. Massachusetts Financial Services Co. MA purchased a new stake in On Deck Capital in the 3rd quarter worth $1,007,000. Northern Trust Corp lifted its stake in On Deck Capital by 13.7% in the 2nd quarter. Northern Trust Corp now owns 580,884 shares of the credit services provider’s stock worth $4,066,000 after purchasing an additional 69,860 shares in the last quarter. Finally, 683 Capital Management LLC lifted its stake in On Deck Capital by 22.0% in the 2nd quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock worth $21,350,000 after purchasing an additional 550,000 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.
On Deck Capital stock opened at $8.14 on Friday. On Deck Capital Inc has a twelve month low of $4.11 and a twelve month high of $9.41. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85. The stock has a market capitalization of $663.66 million, a PE ratio of -50.88 and a beta of 1.54.
On Deck Capital (NYSE:ONDK) last posted its earnings results on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. On Deck Capital had a net margin of 4.97% and a return on equity of 9.53%. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $98.32 million. During the same period in the previous year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that On Deck Capital Inc will post 0.28 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ONDK shares. Morgan Stanley downgraded shares of On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a report on Thursday, July 19th. ValuEngine upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens restated a “hold” rating and issued a $8.00 target price on shares of On Deck Capital in a report on Wednesday, August 8th. Janney Montgomery Scott set a $12.00 target price on shares of On Deck Capital and gave the stock a “buy” rating in a report on Tuesday. Finally, BTIG Research upgraded shares of On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 target price on the stock in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.36.
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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 was incorporated in 2006 and is headquartered in New York, New York.
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