On Deck Capital, Inc. (NYSE:ONDK) Holdings Boosted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lifted its holdings in On Deck Capital, Inc. (NYSE:ONDK) by 39.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,236 shares of the credit services provider’s stock after acquiring an additional 90,760 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.44% of On Deck Capital worth $1,483,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. lifted its position in On Deck Capital by 7.0% during the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 1,940 shares during the period. JPMorgan Chase & Co. increased its position in On Deck Capital by 58.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 11,751 shares during the period. Alpine Woods Capital Investors LLC increased its position in On Deck Capital by 40.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 10,000 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in On Deck Capital during the 1st quarter valued at approximately $182,000. Finally, Marshall Wace North America L.P. acquired a new stake in On Deck Capital during the 2nd quarter valued at approximately $220,000. Institutional investors and hedge funds own 53.56% of the company’s stock.

In related news, CRO Andrea Gellert sold 25,147 shares of On Deck Capital stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the sale, the executive now owns 154,440 shares of the company’s stock, valued at approximately $713,512.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 25.40% of the company’s stock.

Shares of On Deck Capital, Inc. (ONDK) opened at $4.75 on Wednesday. On Deck Capital, Inc. has a 52-week low of $3.29 and a 52-week high of $5.82. The company has a quick ratio of 26.96, a current ratio of 26.95 and a debt-to-equity ratio of 2.78.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, November 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). On Deck Capital had a negative net margin of 15.21% and a negative return on equity of 20.13%. The business had revenue of $83.67 million during the quarter, compared to analyst estimates of $84.49 million. During the same period in the previous year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts expect that On Deck Capital, Inc. will post -0.22 EPS for the current fiscal year.

Several brokerages have recently commented on ONDK. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a research report on Saturday, September 2nd. BTIG Research reaffirmed a “hold” rating on shares of On Deck Capital in a research report on Tuesday, November 7th. BidaskClub raised shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Stifel Nicolaus raised their price objective on shares of On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research report on Sunday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.20.

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On Deck Capital Profile

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.

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

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