Insider Buying: Qfin (NASDAQ:QFIN) Director Purchases 4,000 Shares of Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen acquired 4,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $14.41 per share, with a total value of $57,640.00. Following the purchase, the director directly owned 19,000 shares of the company’s stock, valued at $273,790. The trade was a 26.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Xiaohuan Chen also recently made the following trade(s):

• On Friday, March 27th, Xiaohuan Chen bought 190,000 shares of Qfin stock. The stock was bought at an average cost of $12.89 per share, for a total transaction of $2,449,100.00.

Qfin Price Performance

Shares of NASDAQ:QFIN opened at $14.24 on Wednesday. The business has a fifty day moving average price of $13.59 and a 200-day moving average price of $15.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The company has a market capitalization of $1.73 billion, a PE ratio of 2.61, a PEG ratio of 0.27 and a beta of 0.61. Qfin Holdings Inc. – Sponsored ADR has a 1-year low of $11.31 and a 1-year high of $46.18.

Qfin (NASDAQ:QFIN) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.12 earnings per share (EPS) for the quarter. The company had revenue of $567.01 million for the quarter. Qfin had a net margin of 27.48% and a return on equity of 20.85%. As a group, equities analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.79 EPS for the current fiscal year.

Qfin Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.78 per share. This represents a dividend yield of 1,176.0%. The ex-dividend date of this dividend was Wednesday, April 22nd. Qfin’s dividend payout ratio is presently 28.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lowered their price target on Qfin from $30.30 to $23.40 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Weiss Ratings upgraded shares of Qfin from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Bank of America restated a “neutral” rating and issued a $15.33 price objective on shares of Qfin in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Qfin in the 1st quarter valued at approximately $29,000. Parallel Advisors LLC raised its stake in shares of Qfin by 24.1% in the fourth quarter. Parallel Advisors LLC now owns 3,373 shares of the company’s stock valued at $65,000 after acquiring an additional 656 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Qfin by 14.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the company’s stock worth $108,000 after acquiring an additional 700 shares during the last quarter. DGS Capital Management LLC boosted its stake in shares of Qfin by 8.8% during the 1st quarter. DGS Capital Management LLC now owns 10,906 shares of the company’s stock worth $141,000 after purchasing an additional 878 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Qfin by 5.4% during the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 19,600 shares of the company’s stock worth $378,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 74.81% of the company’s stock.

About Qfin

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.