PPDAI Group (NYSE:FINV) Trading 0.3% Higher – What’s Next?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price was up 0.3% on Tuesday . The stock traded as high as $4.66 and last traded at $4.5850. 643,534 shares were traded during trading, an increase of 6% from the average session volume of 604,379 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

PPDAI Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.36 and a current ratio of 3.36. The firm’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $5.10. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 3.85 and a beta of 0.33.

PPDAI Group (NYSE:FINV) last issued its earnings results on Monday, May 25th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%. The company had revenue of $465.58 million for the quarter, compared to the consensus estimate of $438.70 million.

Insider Buying and Selling

In related news, Director Bing Xiang sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $1.07, for a total value of $80,250.00. Following the transaction, the director directly owned 18,750 shares in the company, valued at approximately $20,062.50. This represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 44.00% of the company’s stock.

Institutional Investors Weigh In On PPDAI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FINV. Millennium Management LLC lifted its stake in shares of PPDAI Group by 573.9% in the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of PPDAI Group by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after purchasing an additional 12,000 shares during the last quarter. Royal Bank of Canada increased its position in shares of 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 during the last quarter. Abacus Wealth Partners LLC purchased a new stake in PPDAI Group in the 4th quarter valued at about $221,000. Finally, SG Americas Securities LLC raised its holdings in PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after buying an additional 13,855 shares during the period. Institutional investors and hedge funds own 31.15% of the company’s stock.

PPDAI Group Company Profile

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.