PPDAI Group (PPDF) Stock Price Down 8.6%
Shares of PPDAI Group Inc – (NYSE:PPDF) were down 8.6% during trading on Monday . The stock traded as low as $4.96 and last traded at $5.02. Approximately 1,791,900 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 1,132,371 shares. The stock had previously closed at $5.49.
Several analysts have commented on PPDF shares. ValuEngine raised shares of PPDAI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Tuesday, February 12th. Finally, TheStreet raised shares of PPDAI Group from a “d+” rating to a “c-” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $4.88.
The company has a market capitalization of $1.51 billion, a P/E ratio of 4.73 and a beta of 1.99.
The business also recently declared a special dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 5th were issued a $0.0283 dividend. The ex-dividend date was Thursday, April 4th. PPDAI Group’s dividend payout ratio (DPR) is presently 15.18%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in shares of PPDAI Group in the 3rd quarter valued at $35,000. Segantii Capital Management Ltd acquired a new position in shares of PPDAI Group in the 1st quarter valued at $59,000. Virtu Financial LLC acquired a new position in shares of PPDAI Group in the 1st quarter valued at $62,000. Ellington Management Group LLC acquired a new position in shares of PPDAI Group in the 1st quarter valued at $62,000. Finally, Renaissance Technologies LLC acquired a new position in shares of PPDAI Group in the 1st quarter valued at $79,000. Institutional investors own 9.67% of the company’s stock.
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About PPDAI Group (NYSE:PPDF)
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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