Nisa Investment Advisors LLC Purchases 5,489 Shares of LendingClub Co. (NYSE:LC)

Nisa Investment Advisors LLC grew its position in LendingClub Co. (NYSE:LC) by 363.5% in the fourth quarter, Holdings Channel reports. The fund owned 6,999 shares of the credit services provider’s stock after acquiring an additional 5,489 shares during the quarter. Nisa Investment Advisors LLC’s holdings in LendingClub were worth $61,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in LendingClub by 11.8% in the third quarter. Vanguard Group Inc. now owns 13,111,119 shares of the credit services provider’s stock valued at $144,878,000 after purchasing an additional 1,381,527 shares during the period. BlackRock Inc. increased its holdings in LendingClub by 4.4% in the second quarter. BlackRock Inc. now owns 8,271,272 shares of the credit services provider’s stock valued at $80,645,000 after purchasing an additional 349,314 shares during the period. State Street Corp increased its holdings in LendingClub by 11.4% in the second quarter. State Street Corp now owns 2,709,576 shares of the credit services provider’s stock valued at $26,418,000 after purchasing an additional 278,215 shares during the period. Dimensional Fund Advisors LP increased its holdings in LendingClub by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,613,821 shares of the credit services provider’s stock valued at $18,845,000 after purchasing an additional 93,983 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in LendingClub by 173.2% in the first quarter. Balyasny Asset Management L.P. now owns 2,241,362 shares of the credit services provider’s stock valued at $16,160,000 after purchasing an additional 1,420,857 shares during the period. 74.08% of the stock is currently owned by institutional investors.

LendingClub Stock Performance

Shares of LendingClub stock opened at $7.90 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $8.26 and a two-hundred day moving average price of $7.48. LendingClub Co. has a 1-year low of $4.73 and a 1-year high of $10.92. The company has a market cap of $872.24 million, a P/E ratio of 21.94 and a beta of 1.98.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The firm had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.13 million. During the same period last year, the business posted $0.19 EPS. The business’s revenue was down 29.3% compared to the same quarter last year. As a group, analysts anticipate that LendingClub Co. will post 0.23 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on LC. Wedbush restated an “outperform” rating and issued a $11.00 price objective on shares of LendingClub in a report on Wednesday, January 31st. StockNews.com downgraded LendingClub from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.30.

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.