PPDAI Group (NYSE:FINV) Stock Price Down 5% – What’s Next?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price was down 5% during mid-day trading on Monday . The company traded as low as $5.21 and last traded at $5.2050. Approximately 1,065,468 shares were traded during trading, a decline of 16% from the average daily volume of 1,261,597 shares. The stock had previously closed at $5.48.

Analysts Set New Price Targets

FINV has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PPDAI Group in a research report on Monday, December 29th. Wall Street Zen lowered shares of PPDAI Group from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.10.

PPDAI Group Stock Down 5.4%

The business has a fifty day moving average of $5.39 and a 200 day moving average of $5.91. The company has a quick ratio of 2.86, a current ratio of 2.34 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.31 billion, a P/E ratio of 3.87 and a beta of 0.29.

PPDAI Group (NYSE:FINV) last issued its earnings results on Monday, March 16th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $432.21 million for the quarter, compared to the consensus estimate of $514.80 million. PPDAI Group had a return on equity of 16.39% and a net margin of 18.70%.

PPDAI Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, April 16th will be paid a dividend of $0.306 per share. This represents a yield of 497.0%. The ex-dividend date of this dividend is Thursday, April 16th. This is a positive change from PPDAI Group’s previous annual dividend of $0.28.

Institutional Investors Weigh In On PPDAI Group

Several large investors have recently bought and sold shares of FINV. Millennium Management LLC increased its position in shares of PPDAI Group by 573.9% during the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after acquiring an additional 894,566 shares in the last quarter. SG Americas Securities LLC lifted its position in PPDAI Group by 246.7% in the 2nd quarter. SG Americas Securities LLC now owns 103,163 shares of the company’s stock valued at $978,000 after acquiring an additional 73,410 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in PPDAI Group in the 4th quarter worth $221,000. Russell Investments Group Ltd. boosted its stake in PPDAI Group by 7.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after purchasing an additional 33,207 shares during the period. Finally, Royal Bank of Canada increased its holdings in PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

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.