First Mercantile Trust Co. decreased its holdings in shares of On Deck Capital Inc (NYSE:ONDK) by 58.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,311 shares of the credit services provider’s stock after selling 24,833 shares during the quarter. First Mercantile Trust Co.’s holdings in On Deck Capital were worth $94,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janney Capital Management LLC boosted its stake in On Deck Capital by 46.7% in the first quarter. Janney Capital Management LLC now owns 22,000 shares of the credit services provider’s stock valued at $119,000 after acquiring an additional 7,000 shares during the period. Bank of Montreal Can boosted its stake in On Deck Capital by 17.7% in the first quarter. Bank of Montreal Can now owns 33,783 shares of the credit services provider’s stock valued at $183,000 after acquiring an additional 5,070 shares during the period. BNP Paribas Arbitrage SA boosted its stake in On Deck Capital by 1,079.9% in the first quarter. BNP Paribas Arbitrage SA now owns 11,362 shares of the credit services provider’s stock valued at $62,000 after acquiring an additional 10,399 shares during the period. Virginia Retirement Systems ET AL boosted its stake in On Deck Capital by 23.9% in the first quarter. Virginia Retirement Systems ET AL now owns 62,800 shares of the credit services provider’s stock valued at $340,000 after acquiring an additional 12,100 shares during the period. Finally, Redmond Asset Management LLC boosted its position in shares of On Deck Capital by 2.2% during the first quarter. Redmond Asset Management LLC now owns 115,221 shares of the credit services provider’s stock worth $624,000 after buying an additional 2,448 shares during the period. Institutional investors and hedge funds own 69.91% of the company’s stock.

ONDK has been the subject of several analyst reports. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. B. Riley reiterated a “buy” rating and set a $12.00 price objective (down from $14.00) on shares of On Deck Capital in a research report on Wednesday, February 13th. Maxim Group downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Stephens set a $6.00 price objective on On Deck Capital and gave the stock a “hold” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. On Deck Capital currently has a consensus rating of “Hold” and an average target price of $8.54.

Shares of NYSE ONDK opened at $4.40 on Thursday. The company has a debt-to-equity ratio of 2.69, a current ratio of 16.87 and a quick ratio of 16.87. The company has a market cap of $343.15 million, a PE ratio of 10.23 and a beta of 1.79. On Deck Capital Inc has a 12-month low of $4.40 and a 12-month high of $9.41.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Thursday, May 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The business had revenue of $110.20 million during the quarter, compared to the consensus estimate of $110.23 million. On Deck Capital had a return on equity of 12.24% and a net margin of 8.48%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, analysts predict that On Deck Capital Inc will post 0.33 earnings per share for the current year.

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

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