Azora Capital LP Reduces Stake in LendingClub Corporation $LC

Azora Capital LP reduced its position in LendingClub Corporation (NYSE:LC) by 77.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 536,577 shares of the credit services provider’s stock after selling 1,854,613 shares during the period. Azora Capital LP’s holdings in LendingClub were worth $10,163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LC. Fuller & Thaler Asset Management Inc. purchased a new position in LendingClub in the 4th quarter valued at approximately $63,580,000. Wellington Management Group LLP increased its stake in LendingClub by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after purchasing an additional 1,261,861 shares in the last quarter. Marshall Wace LLP increased its stake in LendingClub by 1,232.2% in the 3rd quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock valued at $11,177,000 after purchasing an additional 680,589 shares in the last quarter. Vanguard Group Inc. increased its stake in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after purchasing an additional 516,542 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in LendingClub by 44.3% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,657,356 shares of the credit services provider’s stock valued at $25,175,000 after purchasing an additional 509,008 shares in the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LendingClub

In other news, CEO Scott Sanborn sold 4,899 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total transaction of $88,182.00. Following the sale, the chief executive officer owned 1,589,813 shares in the company, valued at $28,616,634. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Labenne sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total value of $340,000.00. Following the sale, the chief financial officer owned 234,955 shares in the company, valued at $3,994,235. This trade represents a 7.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 59,750 shares of company stock worth $1,043,691. 3.19% of the stock is owned by insiders.

LendingClub Stock Performance

Shares of NYSE:LC opened at $18.83 on Thursday. The business’s fifty day moving average price is $16.74 and its two-hundred day moving average price is $17.14. The stock has a market cap of $2.17 billion, a PE ratio of 12.64 and a beta of 1.98. LendingClub Corporation has a one year low of $10.74 and a one year high of $21.67.

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

Wall Street Analysts Forecast Growth

LC has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $22.50 price objective (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

LendingClub Company 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.