Finance

How Insiders and Institutions are Trading On Deck Capital, Inc. (ONDK)

Recent insider trends for On Deck Capital, Inc. (NYSE:ONDK) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on ONDK is anything to go by, investors should pay attention.

Institutions own 57.22% of On Deck Capital, Inc. (ONDK)’s shares. The total value of these holdings, in millions, is $189. Among active positions in the latest quarter, 53 holders increased their positions by a total of 3.34 million shares, 31 holders decreased the positions by a total of 2.32 million shares, and 20 holders held their positions. This works out to a net increase in ownership of 1.02 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 14 holders initiated new positions by a total of 600065 shares and 12 holders exited their positions by a total of 1.58 million shares. This nets out to a decrease of 983230 shares and is another bearish sign for ONDK.

In the last three months, insiders executed a total of 4 trades. 2 of these were buys and 2 were sells. Insider ownership increased by a total of 1804 shares, which suggests that ONDK’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 26 buys and 13 sells, and ownership increased by a net of 555223 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. On Deck Capital, Inc. (NYSE:ONDK)’s short interest is 3.73 million shares, or 8.73% of the float. This represents a decrease of -6% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ONDK is a hold, which implies that ONDK is expected to perform in line with the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that On Deck Capital, Inc. (NYSE:ONDK) is fairly valued.

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