PPDAI Group (NYSE:FINV) Shares Down 4.9% – Should You Sell?

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) traded down 4.9% on Friday . The company traded as low as $4.52 and last traded at $4.5450. 241,254 shares changed hands during trading, a decline of 79% from the average session volume of 1,156,625 shares. The stock had previously closed at $4.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPDAI Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.10.

PPDAI Group Trading Down 7.4%

The stock has a market capitalization of $1.08 billion, a PE ratio of 3.30 and a beta of 0.32. The firm has a 50 day moving average price of $5.02 and a 200 day moving average price of $5.25. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.07.

PPDAI Group (NYSE:FINV) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.05 EPS for the quarter. The firm had revenue of $432.21 million during the quarter. PPDAI Group had a return on equity of 16.39% and a net margin of 18.70%.

PPDAI Group Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, April 16th were paid a $0.306 dividend. This represents a dividend yield of 637.0%. This is a boost from PPDAI Group’s previous annual dividend of $0.28. The ex-dividend date of this dividend was Thursday, April 16th.

Institutional Trading of PPDAI Group

Several institutional investors and hedge funds have recently modified their holdings of FINV. Millennium Management LLC grew its holdings in shares of PPDAI Group by 573.9% in the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after acquiring an additional 894,566 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in shares of PPDAI Group in the fourth quarter valued at approximately $221,000. Royal Bank of Canada grew its holdings in shares of PPDAI Group by 114.5% in the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock valued at $571,000 after acquiring an additional 31,641 shares in the last quarter. FourThought Financial Partners LLC bought a new position in shares of PPDAI Group in the fourth quarter valued at approximately $120,000. Finally, SG Americas Securities LLC grew its holdings in shares of PPDAI Group by 110.4% in the fourth quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after acquiring an additional 13,855 shares in the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

About PPDAI Group

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.