PPDAI Group (NYSE:FINV) Releases Quarterly Earnings Results

PPDAI Group (NYSE:FINV) released its earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18), FiscalAI reports. PPDAI Group had a net margin of 18.70% and a return on equity of 16.39%.

PPDAI Group Trading Up 0.1%

NYSE FINV traded up $0.01 on Monday, reaching $4.50. The company had a trading volume of 2,416,586 shares, compared to its average volume of 901,801. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.26 and a quick ratio of 3.26. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 3.18 and a beta of 0.32. The business has a 50 day moving average of $5.01 and a two-hundred day moving average of $5.24. PPDAI Group has a fifty-two week low of $4.35 and a fifty-two week high of $10.90.

PPDAI Group Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, April 16th were issued a dividend of $0.306 per share. This represents a dividend yield of 637.0%. This is a boost from PPDAI Group’s previous annual dividend of $0.28. The ex-dividend date was Thursday, April 16th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPDAI Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of PPDAI Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of PPDAI Group by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after buying an additional 12,000 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of 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 during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of 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 buying an additional 894,566 shares during the last quarter. 31.15% of the stock is owned by institutional investors.

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.