Acadian Asset Management LLC Reduces Stake in FinVolution Group (NYSE:FINV)

Acadian Asset Management LLC lowered its position in FinVolution Group (NYSE:FINV) by 3.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,543,598 shares of the company’s stock after selling 82,026 shares during the period. Acadian Asset Management LLC’s holdings in FinVolution Group were worth $12,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in FinVolution Group by 155.9% in the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock valued at $2,539,000 after buying an additional 306,903 shares during the last quarter. HCEP Management Ltd boosted its position in FinVolution Group by 580.1% in the fourth quarter. HCEP Management Ltd now owns 250,000 shares of the company’s stock valued at $1,225,000 after buying an additional 213,242 shares during the last quarter. DGS Capital Management LLC boosted its position in FinVolution Group by 14.3% in the 1st quarter. DGS Capital Management LLC now owns 245,588 shares of the company’s stock worth $1,238,000 after purchasing an additional 30,753 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in FinVolution Group by 240.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 176,566 shares of the company’s stock worth $865,000 after purchasing an additional 124,746 shares in the last quarter. Finally, AJOVista LLC purchased a new stake in FinVolution Group in the 4th quarter worth approximately $647,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Up 0.8 %

FinVolution Group stock traded up $0.04 during mid-day trading on Friday, hitting $5.00. The company had a trading volume of 414,831 shares, compared to its average volume of 548,840. FinVolution Group has a 12-month low of $4.22 and a 12-month high of $6.05. The company’s fifty day moving average is $4.83 and its 200-day moving average is $4.91. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 4.59 and a beta of 0.44.

FinVolution Group (NYSE:FINV) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.29 EPS for the quarter. FinVolution Group had a return on equity of 16.91% and a net margin of 17.15%. The firm had revenue of $438.36 million during the quarter.

FinVolution Group Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.