PPDAI Group (NYSE:FINV) Director Bing Xiang Sells 75,000 Shares

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Director Bing Xiang sold 75,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $1.07, for a total value of $80,250.00. Following the transaction, the director owned 18,750 shares of the company’s stock, valued at $20,062.50. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PPDAI Group Stock Up 1.4%

NYSE:FINV opened at $5.27 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 4.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.26 and a current ratio of 3.36. PPDAI Group Inc. Sponsored ADR has a fifty-two week low of $4.35 and a fifty-two week high of $10.90. The firm has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $5.21.

PPDAI Group (NYSE:FINV) last released its quarterly earnings data on Monday, May 25th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $465.58 million during the quarter, compared to analyst estimates of $438.70 million. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

PPDAI Group Increases Dividend

The company also recently declared 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%. This is an increase from PPDAI Group’s previous annual dividend of $0.28. The ex-dividend date of this dividend was Thursday, April 16th. PPDAI Group’s payout ratio is 17.65%.

Institutional Investors Weigh In On PPDAI Group

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in PPDAI Group by 57.7% in the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock worth $30,000 after purchasing an additional 2,083 shares during the period. Kingswood Wealth Advisors LLC grew its position in PPDAI Group by 28.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock worth $86,000 after purchasing an additional 3,655 shares during the period. FourThought Financial Partners LLC bought a new stake in PPDAI Group in the 4th quarter worth approximately $120,000. SG Americas Securities LLC grew its position in PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock worth $138,000 after purchasing an additional 13,855 shares during the period. Finally, Abacus Wealth Partners LLC bought a new stake in PPDAI Group in the 4th quarter worth approximately $221,000. 31.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.