Alpinvest Partners B.v. Lowers stake in LendingClub Corp (LC)

LendingClub Corp (LC) : Alpinvest Partners B.v. reduced its stake in LendingClub Corp by 30.0% during the most recent quarter end. The investment management company now holds a total of 150,453 shares of LendingClub Corp which is valued at $949,358 after selling 64,490 shares in LendingClub Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.LendingClub Corp makes up approximately 2.56% of Alpinvest Partners B.v.’s portfolio.

Other Hedge Funds, Including , Jackson Square Partners reduced its stake in LC by selling 2,685,826 shares or 26.57% in the most recent quarter. The Hedge Fund company now holds 7,423,808 shares of LC which is valued at $46,844,228. LendingClub Corp makes up approx 0.22% of Jackson Square Partners’s portfolio. Davidson Garrard Inc added LC to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $88,650. LendingClub Corp makes up approx 0.02% of Davidson Garrard Inc’s portfolio. Regis Management Co sold out all of its stake in LC during the most recent quarter. The investment firm sold 11,754 shares of LC which is valued $55,949. Nationwide Fund Advisors added LC to its portfolio by purchasing 215,383 company shares during the most recent quarter which is valued at $1,091,992.

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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