On Deck Capital Inc (ONDK) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in On Deck Capital Inc (NYSE:ONDK) by 60.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,128,900 shares of the credit services provider’s stock after buying an additional 426,700 shares during the quarter. Renaissance Technologies LLC’s holdings in On Deck Capital were worth $6,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ONDK. Dimensional Fund Advisors LP raised its position in shares of On Deck Capital by 110.8% in the third quarter. Dimensional Fund Advisors LP now owns 841,861 shares of the credit services provider’s stock valued at $3,932,000 after purchasing an additional 442,475 shares during the period. Engineers Gate Manager LP bought a new stake in shares of On Deck Capital in the third quarter valued at approximately $169,000. 683 Capital Management LLC bought a new stake in shares of On Deck Capital in the third quarter valued at approximately $9,340,000. Bank of Montreal Can raised its position in shares of On Deck Capital by 4,393.3% in the fourth quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 23,680 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of On Deck Capital by 12.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 187,444 shares of the credit services provider’s stock valued at $1,076,000 after purchasing an additional 20,712 shares during the period. 66.92% of the stock is currently owned by institutional investors.

On Deck Capital stock opened at $5.44 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 25.41 and a current ratio of 25.41. The company has a market cap of $391.61, a P/E ratio of -34.00 and a beta of 1.43. On Deck Capital Inc has a 1-year low of $3.29 and a 1-year high of $6.36.



On Deck Capital (NYSE:ONDK) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $87.74 million for the quarter, compared to analyst estimates of $87.48 million. On Deck Capital had a negative net margin of 3.29% and a negative return on equity of 4.41%. On Deck Capital’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.50) EPS. research analysts expect that On Deck Capital Inc will post 0.09 EPS for the current year.

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of On Deck Capital from $5.00 to $5.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. BTIG Research reissued a “hold” rating on shares of On Deck Capital in a research report on Wednesday, February 14th. Jefferies Group reaffirmed a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. UBS started coverage on shares of On Deck Capital in a report on Tuesday, March 27th. They set a “neutral” rating and a $6.00 target price on the stock. Finally, Zacks Investment Research lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.39.

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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.

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

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