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

LendingClub Corp (LC) : Alpinvest Partners B.v. reduced its stake in LendingClub Corp by 64.38% during the most recent quarter end. The investment management company now holds a total of 214,943 shares of LendingClub Corp which is valued at $1,160,692 after selling 388,415 shares in LendingClub Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.LendingClub Corp makes up approximately 1.94% of Alpinvest Partners B.v.’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild (europe) added LC to its portfolio by purchasing 2,450 company shares during the most recent quarter which is valued at $13,230. LendingClub Corp makes up approx 0.01% of Edmond De Rothschild (europe)’s portfolio.Psagot Investment House Ltd. boosted its stake in LC in the latest quarter, The investment management firm added 15,000 additional shares and now holds a total of 24,000 shares of LendingClub Corp which is valued at $131,040. LendingClub Corp makes up approx 0.01% of Psagot Investment House Ltd.’s portfolio.Glenmede Trust Co Na boosted its stake in LC in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 1,621 shares of LendingClub Corp which is valued at $7,700. Stoneridge Investment Partners sold out all of its stake in LC during the most recent quarter. The investment firm sold 118,855 shares of LC which is valued $552,676. Cribstone Capital Management added LC to its portfolio by purchasing 207 company shares during the most recent quarter which is valued at $954.

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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