On Deck Capital Inc (ONDK) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its holdings in shares of On Deck Capital Inc (NYSE:ONDK) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 516,161 shares of the credit services provider’s stock after selling 56,997 shares during the period. D. E. Shaw & Co. Inc.’s holdings in On Deck Capital were worth $3,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Nantahala Capital Management LLC increased its holdings in shares of On Deck Capital by 7.3% during the fourth quarter. Nantahala Capital Management LLC now owns 4,075,942 shares of the credit services provider’s stock valued at $24,048,000 after purchasing an additional 275,797 shares during the period. BlackRock Inc. increased its holdings in shares of On Deck Capital by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,674,855 shares of the credit services provider’s stock valued at $21,683,000 after purchasing an additional 85,019 shares during the period. Renaissance Technologies LLC increased its holdings in shares of On Deck Capital by 49.4% during the third quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock valued at $27,160,000 after purchasing an additional 1,185,600 shares during the period. Vanguard Group Inc. grew its holdings in On Deck Capital by 5.8% during the third quarter. Vanguard Group Inc. now owns 3,576,612 shares of the credit services provider’s stock worth $27,075,000 after acquiring an additional 196,912 shares during the period. Finally, Vanguard Group Inc grew its holdings in On Deck Capital by 5.8% during the third quarter. Vanguard Group Inc now owns 3,576,612 shares of the credit services provider’s stock worth $27,075,000 after acquiring an additional 196,912 shares during the period. 71.89% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. ValuEngine lowered On Deck Capital from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Zacks Investment Research lowered On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Maxim Group lowered On Deck Capital from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, B. Riley reaffirmed a “buy” rating and set a $12.00 target price (down from $14.00) on shares of On Deck Capital in a report on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.

In related news, CEO Noah Breslow purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average price of $5.93 per share, with a total value of $47,440.00. Following the purchase, the chief executive officer now owns 730,644 shares of the company’s stock, valued at approximately $4,332,718.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald F. Verni purchased 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was bought at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the purchase, the director now directly owns 84,283 shares in the company, valued at approximately $496,426.87. The disclosure for this purchase can be found here. 21.40% of the stock is owned by insiders.

NYSE:ONDK opened at $5.59 on Tuesday. The stock has a market cap of $409.96 million, a P/E ratio of 13.00 and a beta of 1.82. On Deck Capital Inc has a 52-week low of $5.00 and a 52-week high of $9.41. The company has a current ratio of 27.45, a quick ratio of 27.45 and a debt-to-equity ratio of 2.68.

On Deck Capital (NYSE:ONDK) last released its earnings results on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $109.48 million for the quarter, compared to analyst estimates of $105.27 million. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. On Deck Capital’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Sell-side analysts anticipate that On Deck Capital Inc will post 0.31 earnings per share for the current fiscal year.

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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.

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

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