Connor Clark & Lunn Investment Management Ltd. Invests $434,000 in FinVolution Group (NYSE:FINV)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of FinVolution Group (NYSE:FINV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 70,201 shares of the company’s stock, valued at approximately $434,000.

Several other institutional investors have also recently added to or reduced their stakes in FINV. SYM FINANCIAL Corp acquired a new stake in shares of FinVolution Group during the second quarter worth approximately $54,000. Blue Trust Inc. increased its holdings in FinVolution Group by 246.8% during the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock valued at $97,000 after purchasing an additional 11,211 shares in the last quarter. D Orazio & Associates Inc. raised its position in FinVolution Group by 17.2% in the 2nd quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock valued at $125,000 after purchasing an additional 3,832 shares during the last quarter. Dark Forest Capital Management LP bought a new position in FinVolution Group in the 2nd quarter valued at $139,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in FinVolution Group by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock worth $188,000 after purchasing an additional 11,177 shares in the last quarter. 31.15% of the stock is owned by institutional investors.

FinVolution Group Stock Performance

Shares of NYSE:FINV opened at $6.98 on Friday. The business has a fifty day moving average of $6.18 and a 200-day moving average of $5.46. FinVolution Group has a twelve month low of $4.35 and a twelve month high of $7.24. The firm has a market cap of $1.85 billion, a PE ratio of 6.02 and a beta of 0.45.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.