On Deck Capital Inc (NYSE:ONDK) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totalling 2,208,200 shares, a decrease of 36.5% from the February 27th total of 3,480,000 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 474,100 shares, the short-interest ratio is currently 4.7 days.
Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in shares of On Deck Capital by 29.0% in the fourth quarter. New York State Common Retirement Fund now owns 136,234 shares of the credit services provider’s stock worth $564,000 after acquiring an additional 30,621 shares during the last quarter. Millennium Management LLC raised its holdings in On Deck Capital by 3,613.1% in the 3rd quarter. Millennium Management LLC now owns 1,525,225 shares of the credit services provider’s stock valued at $5,124,000 after buying an additional 1,484,148 shares during the last quarter. State Street Corp raised its holdings in On Deck Capital by 9.3% in the 3rd quarter. State Street Corp now owns 1,182,203 shares of the credit services provider’s stock valued at $3,972,000 after buying an additional 100,393 shares during the last quarter. Bowling Portfolio Management LLC bought a new position in On Deck Capital in the 4th quarter valued at approximately $904,000. Finally, Barclays PLC raised its holdings in On Deck Capital by 28.7% in the 3rd quarter. Barclays PLC now owns 67,953 shares of the credit services provider’s stock valued at $228,000 after buying an additional 15,133 shares during the last quarter. 67.87% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on ONDK shares. Morgan Stanley increased their price objective on shares of On Deck Capital from $3.50 to $4.25 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. ValuEngine upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Maxim Group reiterated a “hold” rating on shares of On Deck Capital in a research note on Thursday, February 13th. Finally, Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.25.
On Deck Capital (NYSE:ONDK) last posted its earnings results on Tuesday, February 11th. The credit services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $111.70 million during the quarter, compared to the consensus estimate of $113.15 million. On Deck Capital had a return on equity of 5.73% and a net margin of 6.33%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS. On average, analysts expect that On Deck Capital will post 0.3 earnings per share for the current fiscal year.
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.
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