Qfin (NASDAQ:QFIN) Director Xiaohuan Chen Buys 190,000 Shares of Stock

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) Director Xiaohuan Chen acquired 190,000 shares of the stock in a transaction on Friday, March 27th. The shares were acquired at an average cost of $12.89 per share, for a total transaction of $2,449,100.00. Following the completion of the transaction, the director directly owned 190,000 shares in the company, valued at $2,449,100. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Qfin Stock Performance

Shares of QFIN traded up $0.02 during mid-day trading on Thursday, hitting $13.00. 84,525 shares of the company’s stock were exchanged, compared to its average volume of 1,588,477. The company has a current ratio of 2.43, a quick ratio of 2.94 and a debt-to-equity ratio of 0.07. Qfin Holdings Inc. – Sponsored ADR has a fifty-two week low of $12.29 and a fifty-two week high of $47.00. The business’s 50 day moving average is $14.74 and its two-hundred day moving average is $19.87. The firm has a market capitalization of $1.85 billion, a P/E ratio of 2.10, a P/E/G ratio of 0.21 and a beta of 0.49.

Qfin (NASDAQ:QFIN) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $584.98 million for the quarter. Qfin had a return on equity of 24.97% and a net margin of 31.13%. On average, equities analysts expect that Qfin Holdings Inc. – Sponsored ADR will post 5.71 earnings per share for the current year.

Qfin Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a dividend yield of 1,143.0%. Qfin’s payout ratio is presently 25.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Qfin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Jefferies Financial Group cut their price objective 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qfin in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Qfin during the 1st quarter worth $29,000. SBI Securities Co. Ltd. grew its stake in shares of Qfin by 6,796.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,931 shares of the company’s stock worth $37,000 after purchasing an additional 1,903 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Qfin by 415.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,636 shares of the company’s stock valued at $51,000 after purchasing an additional 2,125 shares in the last quarter. Parallel Advisors LLC lifted 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 purchasing an additional 656 shares during the period. Finally, Rexford Capital Inc. acquired a new stake in shares of Qfin in the second quarter valued at about $78,000. Hedge funds and other 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.