Maven Securities LTD Sells 293,951 Shares of PPDAI Group Inc. Sponsored ADR $FINV

Maven Securities LTD lowered its position in PPDAI Group Inc. Sponsored ADR (NYSE:FINVFree Report) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 294,795 shares of the company’s stock after selling 293,951 shares during the period. Maven Securities LTD owned 0.12% of PPDAI Group worth $1,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FINV. Squarepoint Ops LLC bought a new stake in PPDAI Group in the second quarter worth approximately $119,000. Royal Bank of Canada increased its stake in shares of PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after purchasing an additional 31,641 shares during the last quarter. FourThought Financial Partners LLC bought a new position in shares of PPDAI Group during the 4th quarter valued at $120,000. Millennium Management LLC raised its holdings in shares of PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of PPDAI Group by 2.6% during 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 valued at $4,584,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

Wall Street Analyst Weigh In

FINV has been the subject of a number of recent research reports. Weiss Ratings cut shares of PPDAI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Citigroup restated a “neutral” rating and set a $4.10 target price (down from $8.10) on shares of PPDAI Group in a report on Friday, August 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $4.10.

Read Our Latest Report on FINV

PPDAI Group Price Performance

Shares of PPDAI Group stock opened at $3.40 on Wednesday. The firm has a fifty day simple moving average of $4.46 and a 200-day simple moving average of $4.85. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.07. PPDAI Group Inc. Sponsored ADR has a 1-year low of $3.22 and a 1-year high of $8.05. The stock has a market capitalization of $828.40 million, a price-to-earnings ratio of 3.21 and a beta of 0.34.

PPDAI Group (NYSE:FINVGet Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.28 EPS for the quarter. PPDAI Group had a net margin of 14.49% and a return on equity of 12.31%. The firm had revenue of $500.91 million for the quarter.

PPDAI Group Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PPDAI Group (NYSE:FINV)

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