Pictet Asset Management Ltd. Buys New Shares in PPDAI Group Inc – (NYSE:PPDF)
Pictet Asset Management Ltd. bought a new stake in PPDAI Group Inc – (NYSE:PPDF) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,000 shares of the company’s stock, valued at approximately $165,000.
A number of other institutional investors also recently added to or reduced their stakes in PPDF. Segantii Capital Management Ltd lifted its position in PPDAI Group by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 18,354 shares of the company’s stock valued at $80,000 after buying an additional 2,622 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of PPDAI Group by 1.6% during the first quarter. Penserra Capital Management LLC now owns 283,843 shares of the company’s stock worth $1,072,000 after purchasing an additional 4,506 shares in the last quarter. Aperio Group LLC acquired a new position in shares of PPDAI Group during the second quarter worth $26,000. Bank of Montreal Can acquired a new position in shares of PPDAI Group during the second quarter worth $39,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of PPDAI Group during the second quarter worth $44,000. Hedge funds and other institutional investors own 10.48% of the company’s stock.
Shares of NYSE PPDF traded up $0.04 during trading on Friday, reaching $3.49. 6,047 shares of the stock were exchanged, compared to its average volume of 974,007. The business’s 50-day moving average price is $3.69 and its 200 day moving average price is $4.46. PPDAI Group Inc – has a twelve month low of $2.85 and a twelve month high of $6.60. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 3.11 and a beta of 1.56.
Separately, ValuEngine cut shares of PPDAI Group from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.
About PPDAI Group
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
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