Global X Management Co LLC increased its holdings in On Deck Capital Inc (NYSE:ONDK) by 125.0% in the second quarter, HoldingsChannel.com reports. The firm owned 186,906 shares of the credit services provider’s stock after purchasing an additional 103,820 shares during the period. Global X Management Co LLC’s holdings in On Deck Capital were worth $1,308,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ONDK. Schwab Charles Investment Management Inc. grew its position in On Deck Capital by 13.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 213,528 shares of the credit services provider’s stock valued at $1,194,000 after acquiring an additional 26,084 shares during the period. Spark Investment Management LLC purchased a new stake in On Deck Capital during the first quarter valued at about $229,000. JPMorgan Chase & Co. grew its position in On Deck Capital by 180.0% during the first quarter. JPMorgan Chase & Co. now owns 179,019 shares of the credit services provider’s stock valued at $1,000,000 after acquiring an additional 115,094 shares during the period. California Public Employees Retirement System purchased a new stake in On Deck Capital during the first quarter valued at about $145,000. Finally, Dimensional Fund Advisors LP grew its position in On Deck Capital by 32.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,742,286 shares of the credit services provider’s stock valued at $9,739,000 after acquiring an additional 428,054 shares during the period. 77.10% of the stock is owned by hedge funds and other institutional investors.

ONDK has been the subject of a number of research reports. Morgan Stanley downgraded On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price target for the company. in a research report on Thursday, July 19th. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective 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 set a “buy” rating and a $14.00 price objective on the stock. Finally, Stephens initiated coverage on On Deck Capital in a research note on Monday, June 18th. They set a “weight” rating on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.14.

Shares of ONDK opened at $7.12 on Tuesday. The stock has a market cap of $548.69 million, a price-to-earnings ratio of -44.50 and a beta of 1.61. On Deck Capital Inc has a 12 month low of $4.11 and a 12 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 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.15. The company had revenue of $95.62 million for the quarter, compared to analysts’ expectations 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 predict that On Deck Capital Inc will post 0.28 earnings per share 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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