Institutional Venture Management XIII LLC continued to hold its stake in On Deck Capital, Inc. (NYSE:ONDK) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,054,251 shares of the credit services provider’s stock at the close of the 2nd quarter. On Deck Capital comprises about 12.7% of Institutional Venture Management XIII LLC’s portfolio, making the stock its 3rd biggest position. Institutional Venture Management XIII LLC owned approximately 5.59% of On Deck Capital worth $18,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its holdings in shares of On Deck Capital by 42.5% in the 4th quarter. Teachers Advisors LLC now owns 110,994 shares of the credit services provider’s stock valued at $514,000 after purchasing an additional 33,081 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of On Deck Capital by 8.2% in the 1st 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 purchasing an additional 14,957 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of On Deck Capital by 92.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock valued at $248,000 after purchasing an additional 23,623 shares during the last quarter. American International Group Inc. boosted its holdings in shares of On Deck Capital by 7.0% in the 1st quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of On Deck Capital by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after purchasing an additional 220,242 shares during the last quarter. Hedge funds and other institutional investors own 53.77% of the company’s stock.

In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the sale, the executive now directly owns 154,440 shares of the company’s stock, valued at $713,512.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 25.40% of the company’s stock.

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ONDK has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. ValuEngine upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. On Deck Capital currently has a consensus rating of “Hold” and a consensus price target of $5.43.

On Deck Capital, Inc. (ONDK) traded up 0.21% during trading on Thursday, hitting $4.73. 37,653 shares of the company traded hands. The firm’s market cap is $345.92 million. The firm has a 50 day moving average of $4.69 and a 200 day moving average of $4.48. On Deck Capital, Inc. has a one year low of $3.29 and a one year high of $6.08.

On Deck Capital (NYSE:ONDK) last posted its earnings results on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The company had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.25) earnings per share. On average, analysts expect that On Deck Capital, Inc. will post ($0.03) earnings per share for the current fiscal year.

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

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