Psagot Investment House Ltd. purchased a new stake in shares of On Deck Capital Inc (NYSE:ONDK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,200 shares of the credit services provider’s stock, valued at approximately $261,000. Psagot Investment House Ltd. owned 0.06% of On Deck Capital as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the company. Federated Investors Inc. PA boosted its position in On Deck Capital by 187.3% during the 3rd quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 2,263 shares during the period. Macquarie Group Ltd. boosted its position in On Deck Capital by 66.7% during the 4th quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 2,200 shares during the period. Quantamental Technologies LLC acquired a new stake in On Deck Capital during the 4th quarter worth about $33,000. State Board of Administration of Florida Retirement System acquired a new stake in On Deck Capital during the 4th quarter worth about $59,000. Finally, Meeder Asset Management Inc. boosted its position in On Deck Capital by 337.6% during the 4th quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock worth $60,000 after acquiring an additional 7,937 shares during the period. 71.63% of the stock is currently owned by institutional investors.
Shares of ONDK stock opened at $5.24 on Friday. The company has a current ratio of 27.45, a quick ratio of 27.45 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $402.31 million, a P/E ratio of 12.19 and a beta of 1.81. On Deck Capital Inc has a one year low of $5.11 and a one year high of $9.41.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.08. The business had revenue of $109.48 million for the quarter, compared to analyst estimates of $105.27 million. On Deck Capital had a return on equity of 11.80% and a net margin of 6.95%. On Deck Capital’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. Research analysts expect that On Deck Capital Inc will post 0.31 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ONDK. ValuEngine upgraded On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Maxim Group began coverage on On Deck Capital in a report on Thursday, December 20th. They set a “buy” rating for the company. B. Riley reissued a “buy” rating and issued a $12.00 price objective (down from $14.00) on shares of On Deck Capital in a research note on Wednesday, February 13th. Finally, Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. On Deck Capital presently has an average rating of “Hold” and an average price target of $9.25.
In related news, Director Ronald F. Verni acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was acquired at an average price of $5.89 per share, for a total transaction of $35,340.00. Following the completion of the acquisition, the director now owns 84,283 shares of the company’s stock, valued at approximately $496,426.87. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Noah Breslow purchased 8,000 shares of the stock in a transaction 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 acquisition, the chief executive officer now directly owns 730,644 shares of the company’s stock, valued at $4,332,718.92. The disclosure for this purchase can be found here. Insiders own 21.40% of the company’s stock.
On Deck Capital Company 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.
Featured Story: Compound Interest
Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.