LendingClub Co. (NYSE:LC) Shares Acquired by GSA Capital Partners LLP

by · The Cerbat Gem

GSA Capital Partners LLP lifted its stake in LendingClub Co. (NYSE:LC – Free Report) by 47.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 214,192 shares of the credit services provider’s stock after acquiring an additional 68,791 shares during the quarter. GSA Capital Partners LLP owned 0.19% of LendingClub worth $2,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LC. Vanguard Group Inc. grew its position in LendingClub by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,446,014 shares of the credit services provider’s stock valued at $100,610,000 after acquiring an additional 175,706 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LendingClub by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,898,545 shares of the credit services provider’s stock valued at $49,901,000 after purchasing an additional 300,536 shares in the last quarter. American Century Companies Inc. increased its stake in LendingClub by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 1,658,679 shares of the credit services provider’s stock worth $14,032,000 after buying an additional 329,279 shares during the period. Assenagon Asset Management S.A. boosted its position in LendingClub by 120.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,517,986 shares of the credit services provider’s stock valued at $17,351,000 after buying an additional 828,958 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of LendingClub by 3.3% in the second quarter. Bank of Montreal Can now owns 782,627 shares of the credit services provider’s stock worth $6,621,000 after acquiring an additional 24,927 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Insiders Place Their Bets

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total value of $188,530.00. Following the sale, the chief executive officer now owns 1,356,273 shares of the company’s stock, valued at approximately $15,041,067.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total transaction of $188,530.00. Following the completion of the transaction, the chief executive officer now owns 1,356,273 shares of the company’s stock, valued at approximately $15,041,067.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John C. Morris sold 2,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total value of $35,900.00. Following the sale, the director now directly owns 203,348 shares in the company, valued at approximately $2,920,077.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,500 shares of company stock worth $670,680. 3.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Maxim Group lifted their price objective on LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods raised shares of LendingClub from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $11.50 to $15.00 in a research report on Thursday, October 10th. Compass Point lifted their price objective on shares of LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group raised their price target on LendingClub from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.38.

Get Our Latest Stock Report on LC

LendingClub Trading Up 2.9 %

NYSE:LC opened at $15.50 on Tuesday. LendingClub Co. has a 12-month low of $5.05 and a 12-month high of $15.72. The stock’s 50 day simple moving average is $12.21 and its 200-day simple moving average is $10.49. The firm has a market cap of $1.74 billion, a P/E ratio of 33.70 and a beta of 2.01.

LendingClub (NYSE:LC – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. The business had revenue of $201.90 million for the quarter, compared to analyst estimates of $190.40 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Research analysts forecast that LendingClub Co. will post 0.47 EPS for the current fiscal year.

LendingClub Company Profile

(Free Report)

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.

See Also

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