Bing Xiang Sells 75,000 Shares of PPDAI Group (NYSE:FINV) Stock

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Director Bing Xiang sold 75,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $1.07, for a total transaction of $80,250.00. Following the completion of the transaction, the director owned 18,750 shares of the company’s stock, valued at approximately $20,062.50. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PPDAI Group Stock Performance

Shares of FINV opened at $5.21 on Friday. The company’s 50 day moving average price is $4.97 and its 200 day moving average price is $5.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.26 and a current ratio of 3.36. PPDAI Group Inc. Sponsored ADR has a 52 week low of $4.35 and a 52 week high of $10.90. The company has a market capitalization of $1.27 billion, a PE ratio of 4.37 and a beta of 0.32.

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

PPDAI Group Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of PPDAI Group

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of PPDAI Group by 57.7% in the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after acquiring an additional 2,083 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of PPDAI Group by 28.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock valued at $86,000 after buying an additional 3,655 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of PPDAI Group in the fourth quarter valued at approximately $120,000. SG Americas Securities LLC boosted its holdings in shares of PPDAI Group by 110.4% in the fourth quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after buying an additional 13,855 shares during the period. Finally, Abacus Wealth Partners LLC acquired a new position in shares of PPDAI Group in the fourth quarter valued at approximately $221,000. 31.15% of the stock is currently owned by institutional investors and hedge funds.

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.