PNC Financial Services Group Inc. purchased a new stake in On Deck Capital Inc (NYSE:ONDK) during the 3rd quarter, Holdings Channel reports. The fund purchased 106,873 shares of the credit services provider’s stock, valued at approximately $808,000.

A number of other institutional investors have also made changes to their positions in ONDK. Portolan Capital Management LLC increased its holdings in On Deck Capital by 54.0% in the 2nd quarter. Portolan Capital Management LLC now owns 4,167,863 shares of the credit services provider’s stock valued at $29,175,000 after buying an additional 1,461,982 shares during the period. Columbus Circle Investors bought a new stake in On Deck Capital in the 3rd quarter valued at $7,565,000. Renaissance Technologies LLC increased its holdings in On Deck Capital by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,402,200 shares of the credit services provider’s stock valued at $16,815,000 after buying an additional 736,600 shares during the period. 683 Capital Management LLC increased its holdings in On Deck Capital by 22.0% in the 2nd quarter. 683 Capital Management LLC now owns 3,050,000 shares of the credit services provider’s stock valued at $21,350,000 after buying an additional 550,000 shares during the period. Finally, BlackRock Inc. increased its holdings in On Deck Capital by 14.7% in the 2nd quarter. BlackRock Inc. now owns 3,420,168 shares of the credit services provider’s stock valued at $23,941,000 after buying an additional 439,494 shares during the period. 76.92% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on ONDK shares. UBS Group raised shares of On Deck Capital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $9.00 to $11.00 in a report on Wednesday, November 28th. BTIG Research raised shares of On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 target price on the stock in a report on Monday, October 8th. ValuEngine lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Janney Montgomery Scott set a $12.00 target price on shares of On Deck Capital and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, B. Riley set a $14.00 target price on shares of On Deck Capital and gave the stock a “buy” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. On Deck Capital currently has a consensus rating of “Hold” and an average target price of $9.54.

ONDK opened at $6.63 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 29.62 and a current ratio of 29.62. On Deck Capital Inc has a twelve month low of $4.11 and a twelve month high of $9.41. The stock has a market capitalization of $497.55 million, a PE ratio of 20.09 and a beta of 1.57.

On Deck Capital (NYSE:ONDK) last posted its earnings results on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.11. On Deck Capital had a net margin of 4.97% and a return on equity of 9.36%. The business had revenue of $103.00 million for the quarter, compared to analyst estimates of $98.32 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Analysts expect that On Deck Capital Inc will post 0.38 earnings per share for the current year.

In related news, Director David Hartwig sold 105,825 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $8.30, for a total transaction of $878,347.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.40% of the stock is currently owned by corporate insiders.

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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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Want to see what other hedge funds are holding ONDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Deck Capital Inc (NYSE:ONDK).

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

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