Schwab Charles Investment Management Inc. grew its holdings in On Deck Capital Inc (NYSE:ONDK) by 16.5% during the 2nd quarter, Holdings Channel reports. The firm owned 248,711 shares of the credit services provider’s stock after purchasing an additional 35,183 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in On Deck Capital were worth $1,741,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambria Investment Management L.P. bought a new position in shares of On Deck Capital in the 2nd quarter valued at $317,000. Acadian Asset Management LLC increased its stake in shares of On Deck Capital by 126.3% in the 2nd quarter. Acadian Asset Management LLC now owns 207,658 shares of the credit services provider’s stock valued at $1,453,000 after purchasing an additional 115,896 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of On Deck Capital in the 2nd quarter valued at $262,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of On Deck Capital by 40.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 304,637 shares of the credit services provider’s stock valued at $2,132,000 after purchasing an additional 87,867 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of On Deck Capital by 180.0% in the 1st quarter. JPMorgan Chase & Co. now owns 179,019 shares of the credit services provider’s stock valued at $1,000,000 after purchasing an additional 115,094 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.

ONDK has been the topic of several recent analyst reports. Morgan Stanley lowered On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price target on the stock. in a research note on Thursday, July 19th. UBS Group lifted their price target on On Deck Capital from $6.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, August 14th. B. Riley initiated coverage on On Deck Capital in a research note on Wednesday, August 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Stephens initiated coverage on On Deck Capital in a research report on Monday, June 18th. They set a “weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.43.

Shares of ONDK stock opened at $6.91 on Friday. The firm has a market cap of $565.11 million, a P/E ratio of -43.19 and a beta of 1.63. On Deck Capital Inc has a twelve month low of $4.11 and a twelve month high of $9.41. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.15. The business had revenue of $95.62 million for the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%. Equities research analysts expect that On Deck Capital Inc will post 0.28 EPS for the current fiscal year.

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

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