Versor Investments LP Purchases New Holdings in LendingClub Co. (NYSE:LC)

Versor Investments LP acquired a new position in shares of LendingClub Co. (NYSE:LC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,800 shares of the credit services provider’s stock, valued at approximately $191,000.

Other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 1,424 shares in the last quarter. Sanctuary Advisors LLC bought a new position in LendingClub during the 4th quarter worth approximately $164,000. Vontobel Holding Ltd. acquired a new position in shares of LendingClub in the 4th quarter worth approximately $166,000. Princeton Capital Management LLC bought a new stake in shares of LendingClub in the 3rd quarter valued at approximately $171,000. Finally, Highland Capital Management LLC bought a new stake in shares of LendingClub in the 4th quarter valued at approximately $180,000. 74.08% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael P. Zeisser purchased 20,000 shares of LendingClub stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of $12.88 per share, with a total value of $257,600.00. Following the purchase, the director now owns 148,018 shares in the company, valued at approximately $1,906,471.84. The trade was a 15.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.12, for a total transaction of $274,040.00. Following the transaction, the chief executive officer now owns 1,312,184 shares in the company, valued at $21,152,406.08. This represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,000 shares of company stock worth $875,940. Insiders own 3.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $16.00 price target (down from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

LendingClub Stock Down 3.8 %

LC stock opened at $11.74 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 26.08 and a beta of 2.00. The firm’s 50-day simple moving average is $14.86 and its 200 day simple moving average is $13.99. LendingClub Co. has a fifty-two week low of $7.48 and a fifty-two week high of $18.75.

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.