Oberweis Asset Management Inc. bought a new stake in On Deck Capital Inc (NYSE:ONDK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 91,000 shares of the credit services provider’s stock, valued at approximately $537,000. Oberweis Asset Management Inc. owned about 0.12% of On Deck Capital at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ONDK. Renaissance Technologies LLC raised its position in shares of On Deck Capital by 49.4% during the third quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock worth $27,160,000 after acquiring an additional 1,185,600 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of On Deck Capital by 288.4% during the fourth quarter. Mackenzie Financial Corp now owns 759,753 shares of the credit services provider’s stock worth $4,483,000 after acquiring an additional 564,131 shares during the last quarter. Morgan Stanley raised its position in shares of On Deck Capital by 351.3% during the third quarter. Morgan Stanley now owns 623,057 shares of the credit services provider’s stock worth $4,716,000 after acquiring an additional 485,009 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of On Deck Capital by 21.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,603,987 shares of the credit services provider’s stock worth $19,711,000 after acquiring an additional 460,557 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of On Deck Capital during the fourth quarter worth about $2,145,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.
In other On Deck Capital news, CEO Noah Breslow bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was acquired at an average price of $5.93 per share, with a total value of $47,440.00. Following the completion of the purchase, the chief executive officer now directly owns 730,644 shares of the company’s stock, valued at approximately $4,332,718.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald F. Verni bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were acquired at an average cost of $5.89 per share, with a total value of $35,340.00. Following the purchase, the director now directly owns 84,283 shares of the company’s stock, valued at $496,426.87. The disclosure for this purchase can be found here. Company insiders own 21.40% of the company’s stock.
A number of equities analysts have recently issued reports on ONDK shares. ValuEngine downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. UBS Group upgraded On Deck Capital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.00 to $11.00 in a research report on Wednesday, November 28th. Maxim Group assumed coverage on On Deck Capital in a research report on Thursday, December 20th. They set a “buy” rating for the company. B. Riley reaffirmed a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of On Deck Capital in a research note on Wednesday, February 13th. Finally, Zacks Investment Research cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. On Deck Capital currently has a consensus rating of “Hold” and an average target price of $9.25.
NYSE ONDK opened at $5.63 on Friday. On Deck Capital Inc has a one year low of $4.86 and a one year high of $9.41. The company has a market cap of $425.85 million, a P/E ratio of 13.09 and a beta of 1.84. The company has a quick ratio of 27.45, a current ratio of 27.45 and a debt-to-equity ratio of 2.68.
On Deck Capital (NYSE:ONDK) last released its earnings results on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. The business had revenue of $109.48 million during the quarter, compared to analysts’ expectations of $105.27 million. During the same quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. As a group, research analysts predict that On Deck Capital Inc will post 0.31 EPS for the current fiscal year.
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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 was incorporated in 2006 and is headquartered in New York, New York.
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