Shenkman Capital Management Inc. trimmed its stake in shares of LendingTree, Inc. (NASDAQ:TREE – Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,967 shares of the financial services provider’s stock after selling 35,412 shares during the quarter. Shenkman Capital Management Inc. owned about 2.86% of LendingTree worth $14,801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of TREE. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LendingTree by 199.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 33,309 shares during the period. Wealthfront Advisers LLC purchased a new stake in LendingTree in the 4th quarter valued at approximately $54,000. Intellectus Partners LLC increased its position in LendingTree by 33.9% during the 4th quarter. Intellectus Partners LLC now owns 25,950 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 6,575 shares during the period. Raymond James Financial Inc. acquired a new position in LendingTree during the 4th quarter worth approximately $1,254,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of LendingTree during the 4th quarter worth approximately $899,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, COO Scott Peyree bought 21,045 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $41.69 per share, with a total value of $877,366.05. Following the purchase, the chief operating officer now owns 76,760 shares of the company’s stock, valued at approximately $3,200,124.40. The trade was a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on LendingTree
LendingTree Trading Up 1.5 %
Shares of TREE stock opened at $46.54 on Friday. The company has a market capitalization of $623.36 million, a price-to-earnings ratio of -17.24 and a beta of 2.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a 50-day moving average price of $42.80 and a 200 day moving average price of $47.48. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49.
LendingTree Company Profile
LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.
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