GSA Capital Partners LLP Increases Stock Holdings in LendingClub Co. (NYSE:LC)

GSA Capital Partners LLP increased its position in shares of LendingClub Co. (NYSE:LC - Free Report) by 47.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 owned 0.19% of LendingClub worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. bought a new position in shares of LendingClub in the third quarter worth $236,000. SteelPeak Wealth LLC acquired a new stake in shares of LendingClub during the 3rd quarter worth approximately $562,000. Assenagon Asset Management S.A. raised its position in LendingClub by 120.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,517,986 shares of the credit services provider's stock valued at $17,351,000 after purchasing an additional 828,958 shares in the last quarter. International Assets Investment Management LLC lifted its stake in LendingClub by 813.3% during the third quarter. International Assets Investment Management LLC now owns 181,737 shares of the credit services provider's stock worth $2,077,000 after purchasing an additional 161,837 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of LendingClub by 259.8% in the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider's stock valued at $83,000 after purchasing an additional 5,247 shares in the last quarter. 74.08% of the stock is owned by institutional investors.

LendingClub Price Performance

Shares of LC stock traded down $0.01 on Tuesday, reaching $15.48. 847,207 shares of the company were exchanged, compared to its average volume of 1,489,211. The company has a 50-day moving average of $12.28 and a 200-day moving average of $10.55. LendingClub Co. has a one year low of $5.05 and a one year high of $15.84. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 33.70 and a beta of 2.01.

LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. The firm had revenue of $201.90 million during the quarter, compared to analysts' expectations of $190.40 million. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. As a group, sell-side analysts predict that LendingClub Co. will post 0.47 EPS for the current year.

Analyst Ratings Changes

LC has been the subject of several research analyst reports. Wedbush boosted their target price on LendingClub from $14.00 to $17.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Maxim Group raised their price objective on LendingClub from $16.00 to $19.00 and gave the company a "buy" rating in a report on Friday, October 25th. Compass Point increased their target price on LendingClub from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price objective on LendingClub from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Finally, Piper Sandler reiterated an "overweight" rating and set a $15.00 target price (up from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.38.

Insiders Place Their Bets

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

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.