Penn Capital Management Company LLC Raises Position in LendingTree, Inc. (NASDAQ:TREE)

Penn Capital Management Company LLC increased its stake in shares of LendingTree, Inc. (NASDAQ:TREEGet Rating) by 43.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,965 shares of the financial services provider’s stock after buying an additional 5,105 shares during the period. Penn Capital Management Company LLC’s holdings in LendingTree were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TREE. Teacher Retirement System of Texas lifted its holdings in shares of LendingTree by 7.2% in the first quarter. Teacher Retirement System of Texas now owns 2,495 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 167 shares in the last quarter. Bank of Montreal Can raised its position in shares of LendingTree by 5.1% in the first quarter. Bank of Montreal Can now owns 3,533 shares of the financial services provider’s stock valued at $434,000 after buying an additional 173 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of LendingTree by 17.5% in the second quarter. Money Concepts Capital Corp now owns 2,148 shares of the financial services provider’s stock valued at $99,000 after buying an additional 320 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of LendingTree by 4.1% in the second quarter. State of Alaska Department of Revenue now owns 8,305 shares of the financial services provider’s stock valued at $363,000 after buying an additional 330 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of LendingTree by 80.0% in the second quarter. Asset Management One Co. Ltd. now owns 1,037 shares of the financial services provider’s stock valued at $45,000 after buying an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Insider Transactions at LendingTree

In other news, CEO Douglas R. Lebda sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $22.74, for a total value of $909,600.00. Following the completion of the transaction, the chief executive officer now directly owns 960,000 shares in the company, valued at $21,830,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jill Olmstead sold 3,500 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $26.07, for a total value of $91,245.00. Following the completion of the transaction, the insider now directly owns 1,551 shares in the company, valued at $40,434.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 40,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $22.74, for a total transaction of $909,600.00. Following the completion of the transaction, the chief executive officer now owns 960,000 shares of the company’s stock, valued at $21,830,400. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

LendingTree Stock Performance

LendingTree stock opened at $21.79 on Friday. LendingTree, Inc. has a 52-week low of $20.05 and a 52-week high of $143.09. The firm has a fifty day moving average of $23.58 and a 200-day moving average of $37.11. The company has a debt-to-equity ratio of 3.94, a current ratio of 4.48 and a quick ratio of 4.48.

LendingTree (NASDAQ:TREEGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The financial services provider reported ($1.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.06) by $0.48. LendingTree had a negative net margin of 12.45% and a negative return on equity of 14.85%. The company had revenue of $237.80 million during the quarter, compared to analyst estimates of $240.68 million. As a group, analysts predict that LendingTree, Inc. will post -4.34 EPS for the current year.

Analyst Upgrades and Downgrades

TREE has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of LendingTree in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet lowered shares of LendingTree from a “c-” rating to a “d+” rating in a research report on Monday, October 3rd. Needham & Company LLC dropped their price target on shares of LendingTree from $54.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Finally, Oppenheimer dropped their price target on shares of LendingTree from $55.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, LendingTree has a consensus rating of “Moderate Buy” and an average price target of $106.57.

LendingTree Profile

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LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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