Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) to Issue Dividend of $0.46

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) announced a dividend on Tuesday, August 25th. Stockholders of record on Wednesday, September 9th will be given a dividend of 0.46 per share on Thursday, October 1st. This represents a dividend yield of 1,032.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

Qfin has a payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Qfin to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 39.5%.

Qfin Stock Down 5.1%

QFIN stock traded down $0.47 during trading on Thursday, hitting $8.88. 3,403,744 shares of the stock traded hands, compared to its average volume of 1,617,352. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 2.14 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. Qfin has a 1 year low of $8.79 and a 1 year high of $32.69. The firm’s 50 day moving average is $13.54 and its two-hundred day moving average is $13.89.

Qfin (NASDAQ:QFIN) last issued its earnings results on Friday, August 14th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $524.96 million for the quarter. Qfin had a net margin of 22.23% and a return on equity of 15.44%. On average, sell-side analysts anticipate that Qfin will post 3.74 EPS for the current year.

Insider Activity at Qfin

In other news, Director Xiaohuan Chen bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of $14.41 per share, for a total transaction of $57,640.00. Following the purchase, the director directly owned 19,000 shares in the company, valued at approximately $273,790. This trade represents a 26.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. FountainVest China Capital Partners GP3 Ltd. acquired a new stake in shares of Qfin during the 2nd quarter worth about $95,483,341,000. APEIRON CAPITAL Ltd raised its position in Qfin by 29.5% in the 4th quarter. APEIRON CAPITAL Ltd now owns 1,027,455 shares of the company’s stock valued at $19,799,000 after purchasing an additional 234,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Qfin by 48.5% during the first quarter. Bank of America Corp DE now owns 1,987,457 shares of the company’s stock worth $25,658,000 after buying an additional 649,492 shares during the period. BRIGHT VALLEY CAPITAL Ltd lifted its position in Qfin by 67.0% during the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 225,500 shares of the company’s stock worth $4,345,000 after acquiring an additional 90,500 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Qfin during the first quarter worth $5,032,000. 74.81% of the stock is owned by institutional investors and hedge funds.

Qfin Company Profile

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.