LendingClub Co. (NYSE:LC) Position Increased by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in LendingClub Co. (NYSE:LCFree Report) by 187.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 164,597 shares of the credit services provider’s stock after buying an additional 107,408 shares during the quarter. GSA Capital Partners LLP owned approximately 0.15% of LendingClub worth $1,004,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. grew its stake in LendingClub by 173.2% during the 1st quarter. Balyasny Asset Management L.P. now owns 2,241,362 shares of the credit services provider’s stock worth $16,160,000 after buying an additional 1,420,857 shares during the last quarter. Vanguard Group Inc. grew its position in shares of LendingClub by 11.8% during the third quarter. Vanguard Group Inc. now owns 13,111,119 shares of the credit services provider’s stock worth $144,878,000 after acquiring an additional 1,381,527 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of LendingClub by 348.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,166,354 shares of the credit services provider’s stock worth $18,405,000 after acquiring an additional 905,980 shares during the period. Renaissance Technologies LLC lifted its position in LendingClub by 47.3% in the 2nd quarter. Renaissance Technologies LLC now owns 2,109,590 shares of the credit services provider’s stock valued at $20,569,000 after purchasing an additional 677,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in LendingClub by 19.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,118,939 shares of the credit services provider’s stock valued at $30,411,000 after purchasing an additional 505,118 shares during the period. 75.57% of the stock is owned by institutional investors and hedge funds.

LendingClub Trading Up 0.9 %

NYSE:LC opened at $8.07 on Monday. The business’s 50-day simple moving average is $8.45 and its 200-day simple moving average is $7.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.89 and a quick ratio of 0.83. LendingClub Co. has a fifty-two week low of $4.73 and a fifty-two week high of $10.92. The stock has a market capitalization of $891.01 million, a PE ratio of 22.42 and a beta of 1.98.

LendingClub (NYSE:LCGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. The firm had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.13 million. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was down 29.3% compared to the same quarter last year. Sell-side analysts expect that LendingClub Co. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LC has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of LendingClub in a research note on Wednesday, January 31st. Piper Sandler began coverage on shares of LendingClub in a report on Tuesday, November 28th. They set an “overweight” rating and a $8.00 price objective for the company. Finally, StockNews.com cut LendingClub from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.08.

Check Out Our Latest Stock Report on LC

LendingClub Profile

(Free Report)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association 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.

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Institutional Ownership by Quarter for LendingClub (NYSE:LC)

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