Adams Street Partners adds LendingClub Corp (LC) to its portfolio

LendingClub Corp (LC) : Adams Street Partners added new position in LendingClub Corp during the most recent quarter end. The investment management firm now holds 23,054 shares of LendingClub Corp which is valued at $124,492 , the company said in a statement filed on Aug 10, 2016 with the SEC.LendingClub Corp makes up approximately 0.02% of Adams Street Partners’s portfolio.

Other Hedge Funds, Including , Buckingham Capital Management Inc sold out all of its stake in LC during the most recent quarter. The investment firm sold 933,334 shares of LC which is valued $5,040,004. Jennison Associates sold out all of its stake in LC during the most recent quarter. The investment firm sold 820,091 shares of LC which is valued $3,805,222. Swiss National Bank added LC to its portfolio by purchasing 463,300 company shares during the most recent quarter which is valued at $2,149,712.Seven Bridges Advisors boosted its stake in LC in the latest quarter, The investment management firm added 11,478 additional shares and now holds a total of 32,776 shares of LendingClub Corp which is valued at $152,408. LendingClub Corp makes up approx 0.13% of Seven Bridges Advisors’s portfolio. Mizuho Securities Usa added LC to its portfolio by purchasing 427,400 company shares during the most recent quarter which is valued at $1,884,834. LendingClub Corp makes up approx 0.34% of Mizuho Securities Usa’s portfolio.

LendingClub Corp closed down -0.1 points or -1.79% at $5.49 with 86,53,330 shares getting traded on Friday. Post opening the session at $5.58, the shares hit an intraday low of $5.43 and an intraday high of $5.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, LendingClub Corp reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.02. The company had revenue of $102.39 million for the quarter, compared to analysts expectations of $100.42 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on LendingClub Corp. LendingClub Corp was Upgraded by Keefe Bruyette to ” Mkt Perform” on Jun 8, 2016. Shares were Downgraded by FBR Capital on Jun 8, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 4 from a previous price target of $7 .LendingClub Corp was Resumed by Morgan Stanley to “Equal-Weight” on May 31, 2016.

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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