LAFDI market report - Huge rebound for the LAFDI

By Rupert Taylor on Friday 4 March 2016

Alternative Lending

After a long period of absolute declines, coupled with material under-performance, the LAFDI rebounded spectacularly this week.  The recovery was broad-based with only 3 decliners out of 36 index constituents and with 20 index constituents posting gains of over 5%.   

Weekly return

LAFDI

7.34%

MSCI World

2.94%

Top 5 performing Stocks in last week

1

MONI LN Equity

22.56%

2

ONDK US Equity

21.10%

3

SQ US Equity

19.40%

4

IPF LN Equity

18.80%

5

TAXI US Equity

16.11%

Worst 5 performing Stocks in last week

1

TUNG LN Equity

-8.76%

2

PFSI US Equity

-5.01%

3

SGM US Equity

-0.91%

4

GLIF LN Equity

0.59%

5

EPO LN Equity

0.68%

 

* Returns are calculated for the week to local market close on Thursday.

After being punished last week, apparently for their reduced revenue guidance, On Deck Capital bounced impressively this week.  Perhaps investors re-appraised a set of figures that delivered in line earnings and revenues ahead of expectations.  Again fellow on-line lender LendingClub Corporation appeared to move in sympathy rallying more than 13% over the week. 

Square Inc posted a strong week of gains ahead of the release of their Q4 2015 quarterly earnings data on Wednesday, March 9th.  Analysts expect the company to announce earnings of ($0.13) per share and revenue of $340.60 million for the quarter. 

Medallion Financial Corp posted a strong week of gains on elevated volume after the disclosure of an insider purchase that occurred on Friday, February 26th.  CEO Alvin Murstein bought 6,000 shares taking his total holding to 169,074 shares in the company.  The stock was purchased at an average price of $8.04 per share, for a total transaction of $48,240.00. The purchase was disclosed in a document filed with the SEC.  

WEX Inc fell just outside the top gainers but still delivered an increase of 15.57% also boosted by reported insider buying. Director Michael E. Dubyak bought 3,800 shares in a transaction dated Monday, February 29th. The stock was bought at an average cost of $66.37 per share, for a total transaction of $252,206. Following the transaction, the director now owns 85,167 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC

Please note – The LAFDI is now available on Bloomberg.  Tickers:

LAFDITR GO for the Total Return Index

LAFDIPR GO for the Price Return Index

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