First Trust Advisors LP Takes Position in Noah Holdings Ltd. (NOAH)
First Trust Advisors LP purchased a new position in Noah Holdings Ltd. (NYSE:NOAH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,917 shares of the company’s stock, valued at approximately $1,131,000. First Trust Advisors LP owned approximately 0.08% of Noah Holdings as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Granite Point Capital Management L.P. acquired a new stake in shares of Noah Holdings during the second quarter worth $628,000. Ariose Capital Management Ltd raised its stake in shares of Noah Holdings by 14.3% in the second quarter. Ariose Capital Management Ltd now owns 309,324 shares of the company’s stock worth $7,458,000 after buying an additional 38,754 shares in the last quarter. Shell Asset Management Co. acquired a new stake in shares of Noah Holdings during the second quarter worth $452,000. Ward Ferry Management BVI Ltd raised its stake in shares of Noah Holdings by 48.5% in the second quarter. Ward Ferry Management BVI Ltd now owns 1,270,200 shares of the company’s stock worth $30,625,000 after buying an additional 414,800 shares in the last quarter. Finally, Tiger Pacific Capital LP raised its stake in shares of Noah Holdings by 14.2% in the second quarter. Tiger Pacific Capital LP now owns 1,516,218 shares of the company’s stock worth $36,556,000 after buying an additional 188,649 shares in the last quarter. 40.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Noah Holdings Ltd. (NYSE:NOAH) traded up 0.99% during midday trading on Tuesday, hitting $26.50. The stock had a trading volume of 30,928 shares. The company’s 50 day moving average is $26.66 and its 200 day moving average is $25.41. The company has a market cap of $1.49 billion, a PE ratio of 16.81 and a beta of 2.00. Noah Holdings Ltd. has a 52-week low of $20.30 and a 52-week high of $33.55.
Noah Holdings (NYSE:NOAH) last released its quarterly earnings data on Monday, August 15th. The company reported $0.51 earnings per share for the quarter. Noah Holdings had a return on equity of 23.18% and a net margin of 29.26%. On average, analysts anticipate that Noah Holdings Ltd. will post $1.76 earnings per share for the current year.
About Noah Holdings
Noah Holdings Limited is a wealth management service provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Company also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population.
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