On Deck Capital Inc (ONDK) : Tricadia Capital Management added new position in On Deck Capital Inc during the most recent quarter end. The investment management firm now holds 814,713 shares of On Deck Capital Inc which is valued at $4,790,512 , the company said in a statement filed on Aug 11, 2016 with the SEC.On Deck Capital Inc makes up approximately 1.53% of Tricadia Capital Management’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) sold out all of its stake in ONDK during the most recent quarter. The investment firm sold 505 shares of ONDK which is valued $2,969. Kornitzer Capital Management Inc Ks sold out all of its stake in ONDK during the most recent quarter. The investment firm sold 102,200 shares of ONDK which is valued $531,440.
On Deck Capital Inc opened for trading at $6.1 and hit $6.285 on the upside on Tuesday, eventually ending the session at $6.12, with a gain of 1.49% or 0.09 points. The heightened volatility saw the trading volume jump to 4,06,746 shares. Company has a market cap of $434 M.
On the company’s financial health, On Deck Capital Inc reported $-0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.24. The company had revenue of $69.50 million for the quarter, compared to analysts expectations of $68.29 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on On Deck Capital Inc. Shares were Reiterated by Stifel on Aug 9, 2016 to “Buy” and Lowered the Price Target to $ 7.50 from a previous price target of $10 .Shares were Reiterated by FBR Capital on Aug 9, 2016 to “Mkt Perform” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .Shares were Downgraded by Keefe Bruyette on May 31, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 6 from a previous price target of $6.50 .
On Deck Capital Inc. is an online platform for small business lending. The Company aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website and using its OnDeck Score the Company makes a funding decision and transfers the funds. The Company offers two products to small businesses to access capital: term loans and lines of credit. The Company’s end-to-end integrated platform includes the Company’s Website which allows small businesses to apply for a loan in minutes around the clock; data and analytics engine analyzes thousands of data attributes from disparate sources to assess the real-time creditworthiness of a small business; the technology which offers seamless funding of loans and daily and weekly collections and ongoing servicing system.