GSA Capital Partners LLP Boosts 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, HoldingsChannel.com reports. The institutional investor owned 139,376 shares of the company’s stock after buying an additional 119,036 shares during the quarter. GSA Capital Partners LLP’s holdings in Qfin were worth $2,686,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Krane Funds Advisors LLC increased its holdings in Qfin by 25.1% during the third quarter. Krane Funds Advisors LLC now owns 6,344,592 shares of the company’s stock worth $182,597,000 after buying an additional 1,271,942 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Qfin by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock worth $72,028,000 after buying an additional 395,589 shares during the last quarter. Yunqi Capital Ltd increased its holdings in Qfin by 4.6% during the third quarter. Yunqi Capital Ltd now owns 1,071,630 shares of the company’s stock worth $30,842,000 after buying an additional 47,000 shares during the last quarter. APEIRON CAPITAL Ltd increased its holdings in Qfin by 29.5% during the fourth quarter. APEIRON CAPITAL Ltd now owns 1,027,455 shares of the company’s stock worth $19,799,000 after buying an additional 234,000 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Qfin by 78.3% during the third quarter. Qube Research & Technologies Ltd now owns 1,008,011 shares of the company’s stock worth $29,011,000 after buying an additional 442,550 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Insider Transactions at Qfin

In related news, Director Xiaohuan Chen bought 190,000 shares of the company’s stock in a transaction on Friday, March 27th. The stock was 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. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 17.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on QFIN. Jefferies Financial Group reduced their target price on shares of Qfin from $30.30 to $23.40 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings downgraded shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Qfin presently has an average rating of “Reduce” and an average target price of $22.20.

Qfin Price Performance

QFIN stock opened at $12.67 on Tuesday. The firm has a 50 day moving average of $13.42 and a 200-day moving average of $16.58. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.07. Qfin Holdings Inc. – Sponsored ADR has a 12 month low of $12.29 and a 12 month high of $46.18. The firm has a market capitalization of $1.80 billion, a P/E ratio of 2.06, a price-to-earnings-growth ratio of 0.24 and a beta of 0.54.

Qfin (NASDAQ:QFIN) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.59 EPS for the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. The company had revenue of $584.98 million during the quarter. As a group, sell-side analysts predict that Qfin Holdings Inc. – Sponsored ADR will post 3.82 earnings per share for the current fiscal year.

Qfin Announces Dividend

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

Qfin 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.