Shares of PPDAI Group Inc – (NYSE:PPDF) traded up 8.6% during trading on Tuesday . The stock traded as high as $5.53 and last traded at $5.45. 1,483,538 shares changed hands during trading, an increase of 31% from the average session volume of 1,136,315 shares. The stock had previously closed at $5.02.
Several equities analysts have recently issued reports on the company. ValuEngine raised PPDAI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. TheStreet upgraded PPDAI Group from a “d+” rating to a “c-” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research downgraded PPDAI Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $4.88.
The firm has a market capitalization of $1.51 billion, a PE ratio of 4.99 and a beta of 1.99.
The company also recently disclosed a special dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 5th were issued a dividend of $0.0283 per share. The ex-dividend date was Thursday, April 4th. PPDAI Group’s payout ratio is presently 15.18%.
Large investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new position in shares of PPDAI Group during the third quarter worth about $35,000. Segantii Capital Management Ltd bought a new position in shares of PPDAI Group during the first quarter worth about $59,000. Virtu Financial LLC bought a new position in shares of PPDAI Group during the first quarter worth about $62,000. Ellington Management Group LLC bought a new position in shares of PPDAI Group during the first quarter worth about $62,000. Finally, Renaissance Technologies LLC bought a new position in shares of PPDAI Group during the first quarter worth about $79,000. Institutional investors and hedge funds own 9.67% of the company’s stock.
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About PPDAI Group (NYSE:PPDF)
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
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