On Deck Capital Inc (NYSE:ONDK) Shares Sold by Delek Group Ltd.

Delek Group Ltd. reduced its position in shares of On Deck Capital Inc (NYSE:ONDK) by 13.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 823,946 shares of the credit services provider’s stock after selling 126,873 shares during the period. Delek Group Ltd. owned approximately 1.09% of On Deck Capital worth $4,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nantahala Capital Management LLC lifted its stake in On Deck Capital by 7.3% in the fourth quarter. Nantahala Capital Management LLC now owns 4,075,942 shares of the credit services provider’s stock worth $24,048,000 after purchasing an additional 275,797 shares during the last quarter. BlackRock Inc. raised its stake 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 acquiring an additional 85,019 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 valued at $27,075,000 after acquiring an additional 196,912 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of On Deck Capital by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,877,410 shares of the credit services provider’s stock valued at $16,977,000 after acquiring an additional 273,423 shares during the last quarter. Finally, Seacliff Capital LLC raised its stake in shares of On Deck Capital by 1,150.0% during the first quarter. Seacliff Capital LLC now owns 1,250,000 shares of the credit services provider’s stock valued at $6,775,000 after acquiring an additional 1,150,000 shares during the last quarter. Hedge funds and other institutional investors own 71.45% of the company’s stock.

Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of On Deck Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Maxim Group restated a “hold” rating on shares of On Deck Capital in a report on Friday, May 3rd. Stephens set a $6.00 price objective on shares of On Deck Capital and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, B. Riley set a $9.00 price objective on shares of On Deck Capital and gave the stock a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.54.

Shares of NYSE ONDK traded up $0.05 during midday trading on Friday, hitting $4.15. The stock had a trading volume of 3,520,304 shares, compared to its average volume of 592,958. The firm’s 50 day moving average is $4.35. The stock has a market cap of $298.36 million, a P/E ratio of 9.65 and a beta of 1.93. On Deck Capital Inc has a 52 week low of $3.90 and a 52 week high of $9.41. The company has a current ratio of 16.87, a quick ratio of 16.87 and a debt-to-equity ratio of 2.69.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Thursday, May 2nd. The credit services provider reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $110.20 million for the quarter, compared to the consensus estimate of $110.23 million. On Deck Capital had a net margin of 8.48% and a return on equity of 12.24%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Sell-side analysts expect that On Deck Capital Inc will post 0.33 earnings per share for the current fiscal year.

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 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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