Lonestar Capital Management adds LendingClub Corp (LC) to its portfolio

LendingClub Corp (LC) : Lonestar Capital Management added new position in LendingClub Corp during the most recent quarter end. The investment management firm now holds 1,700,000 shares of LendingClub Corp which is valued at $10,438,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.LendingClub Corp makes up approximately 10.89% of Lonestar Capital Management’s portfolio.

Other Hedge Funds, Including , Alpinvest Partners B.v. reduced its stake in LC by selling 64,490 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 150,453 shares of LC which is valued at $949,358. LendingClub Corp makes up approx 2.56% of Alpinvest Partners B.v.’s portfolio.Citadel Advisors boosted its stake in LC in the latest quarter, The investment management firm added 624,025 additional shares and now holds a total of 829,726 shares of LendingClub Corp which is valued at $4,887,086. LendingClub Corp makes up approx 0.01% of Citadel Advisors’s portfolio. Tairen Capital Ltd added LC to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $177,300. LendingClub Corp makes up approx 0.05% of Tairen Capital Ltd’s portfolio. Quadrant Capital Group added LC to its portfolio by purchasing 1,213 company shares during the most recent quarter which is valued at $5,944.

LendingClub Corp closed down -0.08 points or -1.32% at $5.98 with 1,10,20,713 shares getting traded on Monday. Post opening the session at $6.1, the shares hit an intraday low of $5.95 and an intraday high of $6.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, LendingClub Corp reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $-0.07. The company had revenue of $112.60 million for the quarter, compared to analysts expectations of $103.39 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on LendingClub Corp. LendingClub Corp was Upgraded by Morgan Stanley to ” Overweight” on Nov 3, 2016. Company shares were Reiterated by FBR & Co. on Oct 14, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $4 .Wedbush Initiated LendingClub Corp on Oct 11, 2016 to “Underperform”, Price Target of the shares are set at $3.75.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

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