Sapphire Ventures L.L.C. Decreases Stake in On Deck Capital Inc (ONDK)

Sapphire Ventures L.L.C. lessened its stake in shares of On Deck Capital Inc (NYSE:ONDK) by 28.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,077,499 shares of the credit services provider’s stock after selling 1,608,855 shares during the quarter. On Deck Capital comprises approximately 36.0% of Sapphire Ventures L.L.C.’s holdings, making the stock its 2nd largest position. Sapphire Ventures L.L.C. owned about 5.46% of On Deck Capital worth $30,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFG Advisory LLC acquired a new stake in shares of On Deck Capital in the third quarter valued at about $118,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of On Deck Capital by 384.1% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 81,357 shares of the credit services provider’s stock valued at $616,000 after acquiring an additional 64,551 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of On Deck Capital in the third quarter valued at about $385,000. Engineers Gate Manager LP increased its position in shares of On Deck Capital by 47.2% in the third quarter. Engineers Gate Manager LP now owns 74,051 shares of the credit services provider’s stock valued at $561,000 after acquiring an additional 23,734 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of On Deck Capital by 104.9% in the third quarter. Acadian Asset Management LLC now owns 425,595 shares of the credit services provider’s stock valued at $3,223,000 after acquiring an additional 217,937 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

A number of analysts recently issued reports on the company. BTIG Research downgraded On Deck Capital from a “neutral” rating to a “sell” rating in a research report on Tuesday, August 14th. ValuEngine downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. B. Riley assumed coverage on On Deck Capital in a research report on Wednesday, August 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, August 14th. Finally, Morgan Stanley downgraded On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.36.

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

On Deck Capital (NYSE:ONDK) last announced its quarterly 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. The firm had revenue of $103.00 million for the quarter, compared to the consensus estimate of $98.32 million. On Deck Capital had a return on equity of 9.36% and a net margin of 4.97%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, analysts anticipate that On Deck Capital Inc will post 0.28 earnings per share for the current fiscal year.

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

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