Conservest Capital Advisors Inc. Takes Position in On Deck Capital Inc (ONDK)

Conservest Capital Advisors Inc. bought a new position in On Deck Capital Inc (NYSE:ONDK) during the first quarter, Holdings Channel reports. The institutional investor bought 46,343 shares of the credit services provider’s stock, valued at approximately $234,000.

Other large investors also recently added to or reduced their stakes in the company. Sapphire Ventures L.L.C. bought a new stake in On Deck Capital during the fourth quarter worth about $26,328,000. FMR LLC increased its stake in On Deck Capital by 1.5% in the fourth quarter. FMR LLC now owns 2,650,458 shares of the credit services provider’s stock worth $12,271,000 after buying an additional 40,400 shares during the last quarter. Renaissance Technologies LLC increased its stake in On Deck Capital by 144.7% in the fourth quarter. Renaissance Technologies LLC now owns 776,800 shares of the credit services provider’s stock worth $3,597,000 after buying an additional 459,300 shares during the last quarter. Nantahala Capital Management LLC increased its stake in On Deck Capital by 23.0% in the third quarter. Nantahala Capital Management LLC now owns 728,564 shares of the credit services provider’s stock worth $4,153,000 after buying an additional 136,049 shares during the last quarter. Finally, State Street Corp increased its stake in On Deck Capital by 4.0% in the fourth quarter. State Street Corp now owns 714,346 shares of the credit services provider’s stock worth $3,305,000 after buying an additional 27,493 shares during the last quarter. Institutional investors own 74.59% of the company’s stock.

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

Shares of On Deck Capital Inc (NYSE:ONDK) traded up 0.30% on Friday, hitting $3.39. 523,853 shares of the stock traded hands. On Deck Capital Inc has a 52 week low of $3.29 and a 52 week high of $6.46. The firm’s 50 day moving average is $4.38 and its 200 day moving average is $4.69. The firm’s market capitalization is $245.72 million.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, May 8th. The credit services provider reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. The business had revenue of $92.90 million for the quarter, compared to analyst estimates of $90.18 million. On Deck Capital had a negative net margin of 18.67% and a negative return on equity of 16.33%. The firm’s revenue for the quarter was up 48.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. On average, analysts expect that On Deck Capital Inc will post ($0.03) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Conservest Capital Advisors Inc. Takes Position in On Deck Capital Inc (ONDK)” was originally reported by Mideast Time and is owned by of Mideast Time. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.mideasttime.com/conservest-capital-advisors-inc-takes-position-in-on-deck-capital-inc-ondk/1709158.html.

ONDK has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. Stifel Nicolaus downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating and cut their target price for the stock from $6.00 to $4.50 in a research report on Tuesday, May 9th. Jefferies Group LLC cut their target price on shares of On Deck Capital from $5.40 to $5.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. FBR & Co cut their target price on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating for the company in a research report on Monday. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $6.00 target price on shares of On Deck Capital in a research report on Wednesday, March 1st. Thirteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.71.

About On Deck Capital

On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.

12 Month Chart for NYSE:ONDK

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).

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



Leave a Reply

 
© 2006-2017 Mideast Time.