Massachusetts Financial Services Co. MA Takes Position in On Deck Capital Inc (ONDK)

Massachusetts Financial Services Co. MA purchased a new stake in On Deck Capital Inc (NYSE:ONDK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 133,001 shares of the credit services provider’s stock, valued at approximately $1,007,000. Massachusetts Financial Services Co. MA owned 0.18% of On Deck Capital at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp boosted its stake in On Deck Capital by 13.7% during the second quarter. Northern Trust Corp now owns 580,884 shares of the credit services provider’s stock valued at $4,066,000 after buying an additional 69,860 shares during the period. 683 Capital Management LLC boosted its stake in On Deck Capital by 22.0% during the second quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock valued at $21,350,000 after buying an additional 550,000 shares during the period. Global X Management Co LLC boosted its stake in On Deck Capital by 125.0% during the second quarter. Global X Management Co LLC now owns 186,906 shares of the credit services provider’s stock valued at $1,308,000 after buying an additional 103,820 shares during the period. MetLife Investment Advisors LLC boosted its stake in On Deck Capital by 431.0% during the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after buying an additional 20,646 shares during the period. Finally, Portolan Capital Management LLC boosted its stake in On Deck Capital by 54.0% during the second quarter. Portolan Capital Management LLC now owns 4,167,863 shares of the credit services provider’s stock valued at $29,175,000 after buying an additional 1,461,982 shares during the period. 78.62% of the stock is owned by institutional investors.

Shares of ONDK stock opened at $8.14 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 29.62 and a quick ratio of 26.85. On Deck Capital Inc has a 12-month low of $4.11 and a 12-month high of $9.41. The stock has a market cap of $613.64 million, a price-to-earnings ratio of 24.91 and a beta of 1.54.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.11. On Deck Capital had a return on equity of 9.36% and a net margin of 4.97%. The firm had revenue of $103.00 million during the quarter, compared to analyst estimates of $98.32 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. Equities research analysts anticipate that On Deck Capital Inc will post 0.28 earnings per share for the current fiscal year.

Several research firms recently issued reports on ONDK. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. B. Riley reaffirmed a “buy” rating on shares of On Deck Capital in a research note on Wednesday. Zacks Investment Research lowered On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday. Janney Montgomery Scott set a $12.00 price target on On Deck Capital and gave the stock a “buy” rating in a research note on Tuesday. Finally, Stephens reaffirmed a “hold” rating and set a $8.00 price target on shares of On Deck Capital in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.36.

TRADEMARK VIOLATION NOTICE: “Massachusetts Financial Services Co. MA Takes Position in On Deck Capital Inc (ONDK)” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/11/10/massachusetts-financial-services-co-ma-takes-position-in-on-deck-capital-inc-ondk.html.

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

Read More: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding ONDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Deck Capital Inc (NYSE:ONDK).

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

Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply