Nicholas Investment Partners LP Increases Stock Position in LendingClub Corporation $LC

Nicholas Investment Partners LP raised its position in shares of LendingClub Corporation (NYSE:LC) by 144.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 709,206 shares of the credit services provider’s stock after purchasing an additional 419,417 shares during the period. LendingClub comprises about 1.0% of Nicholas Investment Partners LP’s investment portfolio, making the stock its 27th largest position. Nicholas Investment Partners LP’s holdings in LendingClub were worth $13,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of LendingClub by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after acquiring an additional 516,542 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of LendingClub by 18.8% during the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after acquiring an additional 1,261,861 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of LendingClub during the fourth quarter valued at $63,580,000. Azora Capital LP increased its holdings in shares of LendingClub by 258.2% during the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock valued at $36,322,000 after acquiring an additional 1,723,658 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of LendingClub by 19.3% during the third quarter. American Century Companies Inc. now owns 2,071,137 shares of the credit services provider’s stock valued at $31,461,000 after acquiring an additional 334,914 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LC shares. Stephens restated an “overweight” rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.07.

Insider Buying and Selling

In other LendingClub news, CFO Andrew Labenne sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief financial officer directly owned 234,955 shares in the company, valued at $3,994,235. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jordan Cheng sold 5,500 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total value of $96,030.00. Following the sale, the general counsel owned 108,074 shares of the company’s stock, valued at approximately $1,886,972.04. This represents a 4.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 59,750 shares of company stock worth $1,043,691. 3.19% of the stock is owned by corporate insiders.

LendingClub Stock Performance

NYSE LC opened at $18.05 on Friday. LendingClub Corporation has a one year low of $10.41 and a one year high of $21.67. The stock has a 50-day moving average of $16.48 and a 200 day moving average of $17.11. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.11 and a beta of 1.98.

LendingClub (NYSE:LC) last released its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same period last year, the company earned $0.10 EPS. LendingClub’s revenue for the quarter was up 15.9% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, equities analysts predict that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

LendingClub 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.