GSA Capital Partners LLP Grows Stake in LendingClub Co. (NYSE:LC)

GSA Capital Partners LLP lifted its stake in LendingClub Co. (NYSE:LC) by 47.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,192 shares of the credit services provider’s stock after buying an additional 68,791 shares during the period. GSA Capital Partners LLP’s holdings in LendingClub were worth $2,448,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LC. AlphaMark Advisors LLC acquired a new position in LendingClub in the 3rd quarter worth $32,000. EntryPoint Capital LLC boosted its stake in shares of LendingClub by 44.9% during the 1st quarter. EntryPoint Capital LLC now owns 7,514 shares of the credit services provider’s stock valued at $66,000 after buying an additional 2,328 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of LendingClub during the second quarter worth approximately $71,000. Innealta Capital LLC bought a new stake in shares of LendingClub in the second quarter worth $72,000. Finally, Blue Trust Inc. raised its holdings in LendingClub by 259.8% in the third quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 5,247 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LC shares. Maxim Group lifted their price target on LendingClub from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Piper Sandler reissued an “overweight” rating and set a $15.00 price target (up from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. Jefferies Financial Group lifted their price objective on shares of LendingClub from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods raised shares of LendingClub from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

Insider Buying and Selling at LendingClub

In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $14.89, for a total value of $253,130.00. Following the completion of the sale, the chief executive officer now directly owns 1,339,273 shares in the company, valued at $19,941,774.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $14.89, for a total transaction of $253,130.00. Following the transaction, the chief executive officer now directly owns 1,339,273 shares of the company’s stock, valued at $19,941,774.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Morris sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total transaction of $35,900.00. Following the completion of the sale, the director now directly owns 203,348 shares of the company’s stock, valued at $2,920,077.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,500 shares of company stock valued at $670,680. Company insiders own 3.31% of the company’s stock.

LendingClub Trading Up 2.9 %

Shares of 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 company has a market cap of $1.74 billion, a PE ratio of 33.70 and a beta of 2.01. The stock has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $10.49.

LendingClub (NYSE:LC) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $190.40 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts forecast that LendingClub Co. will post 0.47 earnings per share for the current fiscal year.

LendingClub Company 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.