On Deck Capital Inc (NYSE:ONDK) Shares Bought by Bank of America Corp DE

Bank of America Corp DE raised its stake in shares of On Deck Capital Inc (NYSE:ONDK) by 37.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,739 shares of the credit services provider’s stock after buying an additional 26,423 shares during the quarter. Bank of America Corp DE owned about 0.13% of On Deck Capital worth $577,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ONDK. Quantamental Technologies LLC purchased a new stake in On Deck Capital in the fourth quarter worth $33,000. State Board of Administration of Florida Retirement System purchased a new position in shares of On Deck Capital in the 4th quarter valued at about $59,000. Meeder Asset Management Inc. increased its stake in shares of On Deck Capital by 337.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock valued at $60,000 after purchasing an additional 7,937 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of On Deck Capital in the 4th quarter valued at about $69,000. Finally, SG Americas Securities LLC purchased a new position in shares of On Deck Capital in the 4th quarter valued at about $80,000. 71.70% of the stock is owned by institutional investors and hedge funds.

Shares of ONDK traded down $0.08 during mid-day trading on Tuesday, hitting $4.16. 491,200 shares of the company’s stock were exchanged, compared to its average volume of 557,904. On Deck Capital Inc has a twelve month low of $3.90 and a twelve month high of $9.41. The firm has a market cap of $326.45 million, a price-to-earnings ratio of 9.67 and a beta of 1.93. The company has a quick ratio of 16.87, a current ratio of 16.87 and a debt-to-equity ratio of 2.69.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. On Deck Capital had a net margin of 8.48% and a return on equity of 12.24%. The company had revenue of $110.20 million for the quarter, compared to analyst estimates of $110.23 million. During the same quarter in the prior year, the business posted $0.09 EPS. On Deck Capital’s quarterly revenue was up 22.0% on a year-over-year basis. As a group, research analysts predict that On Deck Capital Inc will post 0.33 earnings per share for the current fiscal year.

A number of research analysts have commented on ONDK shares. Maxim Group cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. B. Riley reiterated a “buy” rating and issued a $12.00 price objective (down previously from $14.00) on shares of On Deck Capital in a research note on Wednesday, February 13th. Zacks Investment Research lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. ValuEngine lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, Stephens set a $6.00 price objective on shares of On Deck Capital and gave the company a “hold” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. On Deck Capital presently has an average rating of “Hold” and an average price target of $8.54.

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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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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

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