GSA Capital Partners LLP reduced its position in LendingClub Corporation (NYSE:LC – Free Report) by 42.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 99,656 shares of the credit services provider’s stock after selling 73,129 shares during the period. GSA Capital Partners LLP’s holdings in LendingClub were worth $1,887,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in LendingClub during the third quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in LendingClub during the fourth quarter worth approximately $40,000. Quarry LP lifted its position in LendingClub by 343.0% during the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 2,346 shares during the last quarter. Larson Financial Group LLC lifted its position in LendingClub by 1,435.4% during the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 2,842 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in LendingClub during the third quarter worth approximately $59,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.
LendingClub Trading Down 2.5%
NYSE LC opened at $15.24 on Wednesday. LendingClub Corporation has a 1-year low of $9.70 and a 1-year high of $21.67. The company has a 50 day moving average of $15.47 and a 200-day moving average of $17.16. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 10.22 and a beta of 2.00.
Insider Buying and Selling at LendingClub
In other news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the sale, the director directly owned 78,767 shares in the company, valued at approximately $1,217,737.82. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.31% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. Finally, Stephens restated an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.07.
View Our Latest Research Report on LC
LendingClub Company Profile
LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.
Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.
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