Zelman Capital buys $5,934,000 stake in Lendingtree Inc (TREE)

Lendingtree Inc (TREE) : Zelman Capital scooped up 25,000 additional shares in Lendingtree Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 60,000 shares of Lendingtree Inc which is valued at $5,934,000.Lendingtree Inc makes up approximately 2.90% of Zelman Capital’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in TREE in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 4,760 shares of Lendingtree Inc which is valued at $470,764. Lendingtree Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in TREE in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 8 shares of Lendingtree Inc which is valued at $791.Bnp Paribas Arbitrage Sa boosted its stake in TREE in the latest quarter, The investment management firm added 1,168 additional shares and now holds a total of 2,126 shares of Lendingtree Inc which is valued at $203,586.

Lendingtree Inc opened for trading at $102.04 and hit $104.169 on the upside on Monday, eventually ending the session at $102.9, with a gain of 0.60% or 0.61 points. The heightened volatility saw the trading volume jump to 5,25,516 shares. Company has a market cap of $1,222 M.

On the company’s financial health, Lendingtree Inc reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.74. The company had revenue of $94.70 million for the quarter, compared to analysts expectations of $86.60 million. The company’s revenue was up 86.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Lendingtree Inc. Compass Point Initiated Lendingtree Inc on Jun 2, 2016 to “Buy”, Price Target of the shares are set at $100.

LendingTree Inc. (LendingTree) formerly Tree.com Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources including free credit scores which help them to comparison-shop for mortgage loans home equity loans and lines of credit reverse mortgages personal loans auto loans student loans credit cards small business loans and other related offerings. And upon submitting their relevant information to the Company through an inquiry form it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending auto education and home services. It provides information and tools including free credit scores located on its various Websites. In addition the Company provides consumers with access to offers from multiple lenders.

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