GSA Capital Partners LLP Has $2.69 Million Stock Holdings in Qfin Holdings Inc. – Sponsored ADR $QFIN

GSA Capital Partners LLP increased its stake in shares of Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) by 585.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,376 shares of the company’s stock after purchasing an additional 119,036 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of Qfin worth $2,686,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in QFIN. Royal Bank of Canada increased its position in Qfin by 51.7% in the 1st quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock valued at $293,000 after acquiring an additional 2,219 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Qfin in the 1st quarter valued at approximately $29,000. Goldman Sachs Group Inc. increased its position in Qfin by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after acquiring an additional 395,589 shares during the period. California State Teachers Retirement System increased its position in Qfin by 333.8% in the 2nd quarter. California State Teachers Retirement System now owns 34,810 shares of the company’s stock valued at $1,509,000 after acquiring an additional 26,786 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Qfin by 31.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,179 shares of the company’s stock valued at $264,000 after acquiring an additional 2,206 shares during the period. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Qfin

In other news, Director Xiaohuan Chen bought 190,000 shares of the stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the acquisition, the director directly owned 190,000 shares in the company, valued at approximately $2,449,100. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Qfin Trading Down 0.9%

NASDAQ:QFIN opened at $12.67 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a 50-day moving average of $13.42 and a 200-day moving average of $16.58. The company has a market cap of $1.80 billion, a PE ratio of 2.06, a PEG ratio of 0.24 and a beta of 0.54. Qfin Holdings Inc. – Sponsored ADR has a one year low of $12.29 and a one year high of $46.18.

Qfin (NASDAQ:QFIN) last posted its earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. The company had revenue of $584.98 million during the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. As a group, equities research analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 3.82 EPS for the current fiscal year.

Qfin Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd were issued a $0.78 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a dividend yield of 1,176.0%. Qfin’s dividend payout ratio is currently 25.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on QFIN shares. Jefferies Financial Group decreased their price target on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Weiss Ratings cut shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $22.20.

Qfin Company Profile

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.