PPDAI Group (NYSE:FINV) Trading Up 10% – Here’s What Happened

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price was up 10% on Wednesday . The stock traded as high as $5.42 and last traded at $5.4450. Approximately 342,278 shares traded hands during trading, a decline of 71% from the average daily volume of 1,187,955 shares. The stock had previously closed at $4.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, PPDAI Group presently has an average rating of “Hold”.

PPDAI Group Price Performance

The firm has a fifty day moving average price of $4.99 and a two-hundred day moving average price of $5.22. The stock has a market capitalization of $1.36 billion, a P/E ratio of 4.21 and a beta of 0.32. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.07.

PPDAI Group (NYSE:FINV) last released its quarterly earnings data 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 company had revenue of $432.21 million during the quarter.

PPDAI Group Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, April 16th were issued a $0.306 dividend. This represents a 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. PPDAI Group’s dividend payout ratio is 15.67%.

Institutional Investors Weigh In On PPDAI Group

Several large investors have recently bought and sold shares of FINV. Millennium Management LLC increased its holdings in PPDAI Group by 573.9% in the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after buying an additional 894,566 shares in the last quarter. Abacus Wealth Partners LLC bought a new stake in PPDAI Group in the 4th quarter worth about $221,000. Royal Bank of Canada increased its holdings in PPDAI Group by 114.5% in 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 in the last quarter. FourThought Financial Partners LLC bought a new stake in PPDAI Group in the 4th quarter worth about $120,000. Finally, SG Americas Securities LLC grew its stake in shares of PPDAI Group by 110.4% during the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after purchasing an additional 13,855 shares during the period. 31.15% of the stock is currently owned by institutional investors.

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.