PPDAI Group (NYSE:FINV) Reaches New 1-Year Low – Here’s Why

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low on Thursday . The stock traded as low as $4.59 and last traded at $4.6210, with a volume of 141343 shares. The stock had previously closed at $4.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of PPDAI Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, PPDAI Group currently has an average rating of “Moderate Buy” and a consensus target price of $12.10.

PPDAI Group Trading Up 1.0%

The firm’s 50 day simple moving average is $5.36 and its 200-day simple moving average is $5.83. The company has a market capitalization of $1.18 billion, a PE ratio of 3.48 and a beta of 0.30. The company has a quick ratio of 2.86, a current ratio of 2.34 and a debt-to-equity ratio of 0.07.

PPDAI Group (NYSE:FINV) last issued its earnings results on Saturday, February 14th. The company reported $0.05 EPS for the quarter. The business had revenue of $432.21 million for the quarter. PPDAI Group had a net margin of 18.70% and a return on equity of 16.39%.

PPDAI Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, May 7th. Shareholders of record on Thursday, April 16th will be given a $0.306 dividend. This represents a yield of 497.0%. This is a boost from PPDAI Group’s previous annual dividend of $0.28. The ex-dividend date of this dividend is Thursday, April 16th.

Institutional Investors Weigh In On PPDAI Group

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC boosted 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 acquiring an additional 894,566 shares during the period. Abacus Wealth Partners LLC purchased a new stake in PPDAI Group during the 4th quarter worth $221,000. Russell Investments Group Ltd. increased its stake in PPDAI Group by 7.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after buying an additional 33,207 shares during the period. Royal Bank of Canada lifted 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. Finally, FourThought Financial Partners LLC acquired a new position in PPDAI Group in the 4th quarter worth $120,000. Institutional investors and hedge funds own 31.15% of the company’s stock.

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.