Sanctuary Advisors LLC Invests $164,000 in LendingClub Co. (NYSE:LC)

Sanctuary Advisors LLC purchased a new position in LendingClub Co. (NYSE:LC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,137 shares of the credit services provider’s stock, valued at approximately $164,000.

A number of other large investors also recently bought and sold shares of LC. Creative Planning raised its stake in LendingClub by 20.3% during the third quarter. Creative Planning now owns 33,695 shares of the credit services provider’s stock valued at $385,000 after buying an additional 5,695 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of LendingClub during the third quarter valued at $236,000. GSA Capital Partners LLP raised its position in shares of LendingClub by 47.3% in the 3rd quarter. GSA Capital Partners LLP now owns 214,192 shares of the credit services provider’s stock worth $2,448,000 after purchasing an additional 68,791 shares during the last quarter. Aigen Investment Management LP boosted its stake in LendingClub by 18.5% in the 3rd quarter. Aigen Investment Management LP now owns 31,542 shares of the credit services provider’s stock worth $361,000 after purchasing an additional 4,917 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in LendingClub by 196.0% in the 3rd quarter. Quest Partners LLC now owns 141,214 shares of the credit services provider’s stock worth $1,614,000 after purchasing an additional 93,506 shares in the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LC shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $17.00 target price (up from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Piper Sandler restated an “overweight” rating and issued a $19.00 price objective (down from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $16.00 target price (down from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Insider Activity at LendingClub

In other LendingClub news, Director Michael P. Zeisser bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now owns 148,018 shares of the company’s stock, valued at $1,906,471.84. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.12, for a total value of $274,040.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,184 shares in the company, valued at approximately $21,152,406.08. This represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,000 shares of company stock worth $606,660. 3.31% of the stock is owned by company insiders.

LendingClub Stock Up 1.2 %

Shares of LC opened at $11.86 on Thursday. The business has a 50-day simple moving average of $14.77 and a two-hundred day simple moving average of $13.97. LendingClub Co. has a 52 week low of $7.48 and a 52 week high of $18.75. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 26.35 and a beta of 2.00.

LendingClub Company 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.