Guess Who Picked IEG Holdings Corp (OTCMKTS:IEGH) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), IEG Holdings Corp (OTCMKTS:IEGH) reported that AQR Capital Management has picked up 1,045,060 of common stock as of 2017-06-23.

The acquisition brings the aggregate amount owned by AQR Capital Management to a total of 1,045,060 representing a 8.19% stake in the company.

For those not familiar with the company, IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle.

A glance at IEG Holdings Corp (OTCMKTS:IEGH)’s key stats reveals a current market capitalization of $15.87 Million based on $9.71 Million shares outstanding and a price at last close of $1.50 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2015-12-31, Gilmour picked up 2,000 at a purchase price of $5.00. This brings their total holding to 2,000 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an IEG Holdings Corp (OTCMKTS:IEGH) as things move forward to see if its progress aligns with these transactions.

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