On Deck Capital Inc (ONDK): Hedge Fund Sentiment Unchanged

Page 2 of 2

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cashed in their entire stakes in the stock during the third quarter. Interestingly, Andrew Sandler’s Sandler Capital Management cashed in the biggest investment of the 700 funds followed by Insider Monkey, valued at an estimated $4.3 million in stock. Marc Majzner’s fund, Clearline Capital, also sold off its stock, about $3.7 million worth.

Let’s also examine hedge fund activity in other stocks similar to On Deck Capital Inc (NYSE:ONDK). We will take a look at Green Brick Partners Inc (NASDAQ:GRBK), Dynavax Technologies Corporation (NASDAQ:DVAX), BioTime, Inc. (NYSEAMEX:BTX), and Teligent Inc (NASDAQ:TLGT). All of these stocks’ market caps are similar to ONDK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GRBK 8 281130 2
DVAX 22 131144 -1
BTX 7 102369 1
TLGT 7 31292 0

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $136 million. That figure was $73 million in ONDK’s case. Dynavax Technologies Corporation (NASDAQ:DVAX) is the most popular stock in this table. On the other hand BioTime, Inc. (NYSEAMEX:BTX) is the least popular one with only 7 bullish hedge fund positions. On Deck Capital Inc (NYSE:ONDK) is not the least popular stock in this group but hedge fund interest is just average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DVAX might be a better candidate to consider taking a long position in.

Page 2 of 2