GSA Capital Partners LLP Sells 232,584 Shares of LendingClub Corporation $LC

GSA Capital Partners LLP reduced its position in LendingClub Corporation (NYSE:LC) by 57.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,785 shares of the credit services provider’s stock after selling 232,584 shares during the quarter. GSA Capital Partners LLP owned 0.15% of LendingClub worth $2,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new stake in shares of LendingClub in the 2nd quarter valued at about $53,000. Jones Financial Companies Lllp increased its holdings in LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after buying an additional 1,290 shares during the period. State of Alaska Department of Revenue bought a new position in LendingClub in the third quarter worth approximately $69,000. Marex Group plc purchased a new stake in LendingClub during the second quarter worth $120,000. Finally, MQS Management LLC bought a new stake in LendingClub during the 2nd quarter valued at $121,000. 74.08% of the stock is currently owned by institutional investors.

LendingClub Stock Performance

Shares of LC opened at $15.61 on Tuesday. The stock has a 50-day moving average of $18.99 and a two-hundred day moving average of $17.52. The stock has a market cap of $1.80 billion, a P/E ratio of 13.57 and a beta of 2.08. LendingClub Corporation has a one year low of $7.90 and a one year high of $21.67.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $262.88 million. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Analysts predict that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

LendingClub declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the transaction, the director owned 76,377 shares of the company’s stock, valued at $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LC. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday. Piper Sandler reissued an “overweight” rating and set a $23.00 target price on shares of LendingClub in a research report on Thursday, January 29th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Citizens Jmp upgraded LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.