Ursa Fund Management LLC Invests $743,000 in LendingClub Co. (NYSE:LC)

Ursa Fund Management LLC acquired a new stake in LendingClub Co. (NYSE:LC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,000 shares of the credit services provider’s stock, valued at approximately $743,000. LendingClub accounts for about 1.3% of Ursa Fund Management LLC’s holdings, making the stock its 12th largest position.

Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of LendingClub by 40.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 8,217 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 2,377 shares during the last quarter. Nisa Investment Advisors LLC raised its position in LendingClub by 363.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,999 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 5,489 shares during the period. Pathstone Family Office LLC purchased a new position in shares of LendingClub during the third quarter worth $65,000. Maltin Wealth Management Inc. acquired a new stake in shares of LendingClub in the fourth quarter valued at $87,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of LendingClub in the 3rd quarter valued at $91,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

Analysts Set New Price Targets

LC has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $11.00 target price 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 report on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.30.

LendingClub Stock Down 1.0 %

LC stock traded down $0.08 during mid-day trading on Wednesday, reaching $8.12. The company had a trading volume of 88,898 shares, compared to its average volume of 1,420,668. The firm has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $7.52. 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 capitalization of $896.53 million, a price-to-earnings ratio of 22.78 and a beta of 1.98. LendingClub Co. has a fifty-two week low of $4.73 and a fifty-two week high of $10.92.

LendingClub (NYSE:LC) last issued its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $182.13 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was down 29.3% compared to the same quarter last year. Analysts forecast that LendingClub Co. will post 0.23 earnings per share for the current fiscal year.

About LendingClub

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.