On Deck Capital Inc (ONDK) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC grew its stake in On Deck Capital Inc (NYSE:ONDK) by 104.9% during the third quarter, HoldingsChannel reports. The fund owned 425,595 shares of the credit services provider’s stock after purchasing an additional 217,937 shares during the quarter. Acadian Asset Management LLC’s holdings in On Deck Capital were worth $3,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Columbus Circle Investors purchased a new position in On Deck Capital during the third quarter valued at $7,565,000. Russell Investments Group Ltd. purchased a new position in On Deck Capital during the third quarter valued at $384,000. Massachusetts Financial Services Co. MA purchased a new position in On Deck Capital during the third quarter valued at $1,007,000. Northern Trust Corp lifted its holdings 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 purchasing an additional 69,860 shares in the last quarter. Finally, 683 Capital Management LLC lifted its holdings 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 purchasing an additional 550,000 shares in the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

NYSE:ONDK opened at $8.14 on Friday. The company has a current ratio of 26.85, a quick ratio of 26.85 and a debt-to-equity ratio of 2.72. 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 Inc has a twelve month low of $4.11 and a twelve month high of $9.41.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 4.97% and a return on equity of 9.53%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, research analysts anticipate that On Deck Capital Inc will post 0.28 earnings per share for the current year.

Several research firms have issued reports on ONDK. ValuEngine raised shares of On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday. B. Riley reaffirmed a “buy” rating on shares of On Deck Capital in a report on Wednesday. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday. Janney Montgomery Scott set a $12.00 price objective on shares of On Deck Capital and gave the company a “buy” rating in a report on Tuesday. Finally, Stephens reaffirmed a “hold” rating and set a $8.00 price objective on shares of On Deck Capital in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. On Deck Capital currently has a consensus rating of “Hold” and an average target price 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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Institutional Ownership by Quarter for On Deck Capital (NYSE:ONDK)

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