PPDAI Group (NYSE:FINV) Trading Up 2.3% – Still a Buy?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price shot up 2.3% on Tuesday . The stock traded as high as $4.86 and last traded at $4.84. 669,061 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 997,938 shares. The stock had previously closed at $4.73.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

PPDAI Group Stock Up 2.3%

The firm has a 50 day simple moving average of $4.94 and a two-hundred day simple moving average of $5.15. The stock has a market capitalization of $1.18 billion, a P/E ratio of 4.07 and a beta of 0.34. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.07.

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

Insider Buying and Selling at PPDAI Group

In related news, Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.07, for a total transaction of $80,250.00. Following the sale, the director directly owned 18,750 shares of the company’s stock, valued at approximately $20,062.50. The trade was a 80.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 44.00% of the company’s stock.

Institutional Trading of PPDAI Group

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after acquiring an additional 894,566 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in shares of PPDAI Group during the fourth quarter valued at $221,000. Royal Bank of Canada lifted its holdings in shares of PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares during the period. FourThought Financial Partners LLC bought a new stake in shares of PPDAI Group in the fourth quarter worth $120,000. Finally, SG Americas Securities LLC increased its holdings in PPDAI Group by 110.4% in the fourth 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 owned by institutional investors and hedge funds.

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.