China Finance Online Co. Limited (JRJC) Shares Sold by Acadian Asset Management LLC
Acadian Asset Management LLC reduced its stake in shares of China Finance Online Co. Limited (NASDAQ:JRJC) by 22.2% during the second quarter, Holdings Channel reports. The firm owned 624,929 shares of the financial services provider’s stock after selling 178,826 shares during the period. Acadian Asset Management LLC’s holdings in China Finance Online Co. Limited were worth $1,073,000 as of its most recent SEC filing.
Shares of China Finance Online Co. Limited (NASDAQ JRJC) traded down 3.35% during trading on Thursday, hitting $1.73. 38,102 shares of the stock traded hands. The firm’s market cap is $39.28 million. China Finance Online Co. Limited has a 1-year low of $1.32 and a 1-year high of $5.19.
China Finance Online Co. Limited (NASDAQ:JRJC) last issued its quarterly earnings data on Wednesday, June 14th. The financial services provider reported ($0.51) earnings per share (EPS) for the quarter. The business had revenue of $8.67 million for the quarter. China Finance Online Co. Limited had a negative net margin of 20.77% and a negative return on equity of 31.23%. Equities research analysts predict that China Finance Online Co. Limited will post $0.10 EPS for the current fiscal year.
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Separately, TheStreet lowered shares of China Finance Online Co. Limited from a “c-” rating to a “d” rating in a report on Thursday, June 1st.
China Finance Online Co. Limited Company Profile
China Finance Online Co Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers.
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