AtonRa Partners Has $160,000 Stake in LendingClub Co. (NYSE:LC)

AtonRa Partners reduced its stake in shares of LendingClub Co. (NYSE:LC) by 24.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,333 shares of the credit services provider’s stock after selling 5,847 shares during the quarter. AtonRa Partners’ holdings in LendingClub were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LC. Nordea Investment Management AB lifted its position in LendingClub by 190.8% in the 3rd quarter. Nordea Investment Management AB now owns 609,966 shares of the credit services provider’s stock worth $3,733,000 after buying an additional 400,189 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of LendingClub during the third quarter worth $2,970,000. Quantbot Technologies LP acquired a new stake in LendingClub during the third quarter valued at $643,000. Asset Management One Co. Ltd. grew its stake in LendingClub by 40.7% in the third quarter. Asset Management One Co. Ltd. now owns 8,217 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in LendingClub by 39.4% in the 3rd quarter. Principal Financial Group Inc. now owns 15,761 shares of the credit services provider’s stock worth $96,000 after purchasing an additional 4,455 shares during the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

LendingClub Stock Down 3.3 %

Shares of LC traded down $0.26 during trading hours on Tuesday, hitting $7.55. 426,971 shares of the company were exchanged, compared to its average volume of 1,406,142. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. The company has a market cap of $838.96 million, a PE ratio of 21.72 and a beta of 1.98. The firm’s 50 day moving average is $8.18 and its 200-day moving average is $7.58. LendingClub Co. has a 52 week low of $4.73 and a 52 week high of $10.92.

LendingClub (NYSE:LC) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The firm had revenue of $185.60 million during the quarter, compared to analyst estimates of $182.13 million. During the same period in the previous year, the company earned $0.19 EPS. The company’s revenue for the quarter was down 29.3% on a year-over-year basis. On average, equities research analysts forecast that LendingClub Co. will post 0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LC has been the subject of several research reports. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of LendingClub in a report on Wednesday, January 31st. StockNews.com cut shares of LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingClub presently has an average rating of “Moderate Buy” and a consensus price target of $11.30.

LendingClub Profile

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.