Massachusetts Financial Services Co. MA Purchases Shares of 133,001 On Deck Capital Inc (ONDK)

Massachusetts Financial Services Co. MA purchased a new stake in shares of On Deck Capital Inc (NYSE:ONDK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 133,001 shares of the credit services provider’s stock, valued at approximately $1,007,000.

A number of other large investors have also made changes to their positions in the stock. Northern Trust Corp increased its stake in On Deck Capital by 13.7% in the 2nd quarter. Northern Trust Corp now owns 580,884 shares of the credit services provider’s stock worth $4,066,000 after buying an additional 69,860 shares in the last quarter. 683 Capital Management LLC increased its stake 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 worth $21,350,000 after buying an additional 550,000 shares in the last quarter. Global X Management Co LLC boosted its holdings in shares of On Deck Capital by 125.0% during the 2nd quarter. Global X Management Co LLC now owns 186,906 shares of the credit services provider’s stock valued at $1,308,000 after purchasing an additional 103,820 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of On Deck Capital by 431.0% during the 2nd quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 20,646 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its holdings in shares of On Deck Capital by 54.0% during 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 purchasing an additional 1,461,982 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

ONDK opened at $8.14 on Friday. On Deck Capital Inc has a 52 week low of $4.11 and a 52 week high of $9.41. The stock has a market cap of $613.64 million, a price-to-earnings ratio of 24.91 and a beta of 1.54. The company has a quick ratio of 26.85, a current ratio of 29.62 and a debt-to-equity ratio of 2.80.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 EPS for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $98.32 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue was up 23.1% on a year-over-year basis. On average, sell-side analysts forecast that On Deck Capital Inc will post 0.28 EPS for the current fiscal year.

Several research firms have commented on ONDK. BTIG Research downgraded shares of On Deck Capital from a “neutral” rating to a “sell” rating in a report on Tuesday, August 14th. ValuEngine downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. B. Riley began coverage on shares of On Deck Capital in a report on Wednesday, August 22nd. They set a “buy” rating and a $14.00 price objective for the company. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Tuesday, August 14th. Finally, Morgan Stanley downgraded shares of On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a report on Thursday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.36.

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

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