PPDAI Group (NYSE:FINV) Sets New 1-Year Low – Time to Sell?

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) shares reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $4.35 and last traded at $4.4950, with a volume of 2416586 shares trading hands. The stock had previously closed at $4.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of PPDAI Group in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

PPDAI Group Stock Down 6.0%

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.26 and a quick ratio of 3.26. The stock has a market capitalization of $1.09 billion, a PE ratio of 3.35 and a beta of 0.32. The company has a 50 day moving average price of $5.01 and a 200-day moving average price of $5.24.

PPDAI Group (NYSE:FINV) last posted its earnings results on Saturday, February 14th. The company reported $0.05 earnings per share (EPS) for the quarter. PPDAI Group had a return on equity of 16.39% and a net margin of 18.70%.The firm had revenue of $432.21 million for the quarter.

PPDAI Group Increases Dividend

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

Institutional Investors Weigh In On PPDAI Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in PPDAI Group by 57.7% in the fourth 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 during the period. Kingswood Wealth Advisors LLC grew its stake in PPDAI Group by 28.5% in the fourth 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 during the period. FourThought Financial Partners LLC purchased a new stake in PPDAI Group in the fourth quarter worth $120,000. SG Americas Securities LLC grew its stake in PPDAI Group by 110.4% in the fourth 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 during the period. Finally, Abacus Wealth Partners LLC purchased a new stake in PPDAI Group in the fourth quarter worth $221,000. 31.15% of the stock is owned by hedge funds and other institutional investors.

About PPDAI Group

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.