JPMorgan Chase & Co. Has $102,000 Stake in On Deck Capital, Inc. (ONDK)

JPMorgan Chase & Co. cut its stake in On Deck Capital, Inc. (NYSE:ONDK) by 77.7% during the first quarter, Holdings Channel reports. The institutional investor owned 20,200 shares of the credit services provider’s stock after selling 70,363 shares during the period. JPMorgan Chase & Co.’s holdings in On Deck Capital were worth $102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tricadia Capital Management LLC increased its position in shares of On Deck Capital by 8.2% in the first quarter. Tricadia Capital Management LLC now owns 1,233,637 shares of the credit services provider’s stock valued at $6,218,000 after buying an additional 93,643 shares in the last quarter. Conservest Capital Advisors Inc. purchased a new position in shares of On Deck Capital during the first quarter valued at about $234,000. Parametric Portfolio Associates LLC increased its position in shares of On Deck Capital by 92.5% in the first quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock valued at $248,000 after buying an additional 23,623 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of On Deck Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 198,316 shares of the credit services provider’s stock valued at $1,000,000 after buying an additional 14,957 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of On Deck Capital by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 110,994 shares of the credit services provider’s stock valued at $514,000 after buying an additional 33,081 shares in the last quarter. Hedge funds and other institutional investors own 58.41% of the company’s stock.

On Deck Capital, Inc. (ONDK) opened at 5.01 on Wednesday. The company’s market cap is $363.14 million. The company’s 50-day moving average is $4.49 and its 200-day moving average is $4.58. On Deck Capital, Inc. has a 12 month low of $3.29 and a 12 month high of $6.46.

On Deck Capital (NYSE:ONDK) last released its earnings results on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. The company had revenue of $86.70 million during the quarter, compared to analysts’ expectations of $88.53 million. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 23.80%. On Deck Capital’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the business earned ($0.25) EPS. On average, equities research analysts expect that On Deck Capital, Inc. will post ($0.02) EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, FBR & Co upgraded shares of On Deck Capital from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $5.77.

In related news, CEO Noah Breslow bought 14,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $3.57 per share, for a total transaction of $49,980.00. Following the purchase, the chief executive officer now directly owns 213,117 shares of the company’s stock, valued at $760,827.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel S. Henson bought 10,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average price of $3.58 per share, with a total value of $35,800.00. Following the completion of the purchase, the director now directly owns 70,272 shares in the company, valued at $251,573.76. The disclosure for this purchase can be found here. Insiders purchased a total of 39,000 shares of company stock valued at $139,280 over the last quarter. 25.40% of the stock is owned by company insiders.

On Deck Capital Company 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.

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