LendingClub Corp (LC) : Hamilton Lane Advisors reduced its stake in LendingClub Corp by 5.97% during the most recent quarter end. The investment management company now holds a total of 701,840 shares of LendingClub Corp which is valued at $5,130,450 after selling 44,584 shares in LendingClub Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.LendingClub Corp makes up approximately 2.42% of Hamilton Lane Advisors’s portfolio.
LendingClub Corp opened for trading at $7.3 and hit $7.61 on the upside on Monday, eventually ending the session at $7.53, with a gain of 3.01% or 0.22 points. The heightened volatility saw the trading volume jump to 43,24,362 shares. Company has a market cap of $2,872 M.
Other Hedge Funds, Including , Proficio Capital Partners added LC to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $269.River Mercantile Asset Management Llp boosted its stake in LC in the latest quarter, The investment management firm added 68,450 additional shares and now holds a total of 219,750 shares of LendingClub Corp which is valued at $1,689,878. LendingClub Corp makes up approx 1.11% of River Mercantile Asset Management Llp’s portfolio.
On the company’s financial health, LendingClub Corp reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.04. The company had revenue of $134.50 million for the quarter, compared to analysts expectations of $130.14 million. The company’s revenue was up 93.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Many Wall Street Analysts have commented on LendingClub Corp. LendingClub Corp was Initiated by Raymond James to “Mkt Perform” on Apr 15, 2016. LendingClub Corp was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 25, 2016. Shares were Reiterated by FBR Capital on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $18 .
LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.