PPDAI Group (NYSE:FINV) Trading Up 0.3% – Still a Buy?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s share price was up 0.3% during mid-day trading on Tuesday . The company traded as high as $4.66 and last traded at $4.5850. Approximately 643,534 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 604,379 shares. The stock had previously closed at $4.57.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

PPDAI Group Trading Up 1.0%

The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.16 billion, a PE ratio of 4.00 and a beta of 0.33. The business has a fifty day moving average price of $4.89 and a 200 day moving average price of $5.10.

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

Insider Activity at PPDAI Group

In related news, Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction 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 in the company, valued at $20,062.50. This trade represents a 80.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 44.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On PPDAI Group

Several hedge funds have recently made changes to their positions in FINV. Millennium Management LLC lifted its stake in PPDAI Group by 573.9% in the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after buying an additional 894,566 shares during the last quarter. Abacus Wealth Partners LLC purchased a new position in shares of PPDAI Group during the fourth quarter worth approximately $221,000. Royal Bank of Canada grew its position 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 acquiring an additional 31,641 shares during the last quarter. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group in the 4th quarter valued at $120,000. Finally, SG Americas Securities LLC increased its holdings in shares of PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after acquiring an additional 13,855 shares during the period. Hedge funds and other institutional investors 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.