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

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Director Bing Xiang sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 $20,062.50. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PPDAI Group Stock Performance

Shares of FINV stock opened at $5.21 on Friday. The company’s fifty day simple moving average is $4.97 and its 200-day simple moving average is $5.21. The company has a quick ratio of 3.26, a current ratio of 3.36 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.27 billion, a PE ratio of 4.37 and a beta of 0.32. PPDAI Group Inc. Sponsored ADR has a 12 month low of $4.35 and a 12 month high of $10.90.

PPDAI Group (NYSE:FINV) last released its earnings results on Monday, May 25th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $438.70 million.

PPDAI Group Increases Dividend

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FourThought Financial Partners LLC bought a new position in shares of PPDAI Group during the 4th quarter worth $120,000. Abacus Wealth Partners LLC purchased a new stake in PPDAI Group during the 4th quarter worth about $221,000. Kingswood Wealth Advisors LLC lifted its holdings in PPDAI Group by 28.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock worth $86,000 after purchasing an additional 3,655 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in PPDAI Group by 57.7% during the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock worth $30,000 after purchasing an additional 2,083 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in PPDAI Group by 110.4% during the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock worth $138,000 after purchasing an additional 13,855 shares in the last quarter. Institutional investors own 31.15% of the company’s stock.

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.