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

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

Analyst Upgrades and Downgrades

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

PPDAI Group Price Performance

The business has a 50-day simple moving average of $5.02 and a 200 day simple moving average of $5.25. The stock has a market cap of $1.08 billion, a P/E ratio of 3.30 and a beta of 0.32. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.07.

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

PPDAI Group Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, April 16th were given a dividend of $0.306 per share. This represents a dividend yield of 637.0%. The ex-dividend date was 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of PPDAI Group by 573.9% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $4,584,000 after purchasing an additional 12,000 shares in the last quarter. Royal Bank of Canada raised its stake 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 buying an additional 31,641 shares during the period. FourThought Financial Partners LLC acquired a new position in PPDAI Group during the 4th quarter worth approximately $120,000. Finally, Abacus Wealth Partners LLC acquired a new position in PPDAI Group during the 4th quarter worth approximately $221,000. Institutional investors 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.