Acadian Asset Management LLC Sells 474,149 Shares of Qudian Inc. (NYSE:QD)

Acadian Asset Management LLC trimmed its stake in shares of Qudian Inc. (NYSE:QD) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,522,790 shares of the company’s stock after selling 474,149 shares during the quarter. Acadian Asset Management LLC owned approximately 2.81% of Qudian worth $16,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Qudian by 40.2% during the first quarter. SG Americas Securities LLC now owns 569,447 shares of the company’s stock worth $1,424,000 after buying an additional 163,397 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of Qudian in the 1st quarter valued at about $30,000. Ballentine Partners LLC bought a new stake in shares of Qudian during the 1st quarter valued at about $29,000. Finally, Headlands Technologies LLC grew its stake in Qudian by 89,325.0% during the fourth quarter. Headlands Technologies LLC now owns 14,308 shares of the company’s stock worth $29,000 after purchasing an additional 14,292 shares during the period. 8.10% of the stock is owned by institutional investors and hedge funds.

Qudian Stock Down 3.4 %

QD traded down $0.07 during trading on Friday, hitting $1.96. The company’s stock had a trading volume of 481,209 shares, compared to its average volume of 604,760. The firm has a market capitalization of $393.18 million, a P/E ratio of -6.53 and a beta of 0.63. Qudian Inc. has a twelve month low of $1.52 and a twelve month high of $2.60. The stock’s fifty day moving average price is $1.83 and its 200-day moving average price is $2.16.

Qudian (NYSE:QD) last released its earnings results on Thursday, June 13th. The company reported ($0.05) earnings per share (EPS) for the quarter. Qudian had a negative net margin of 278.52% and a negative return on equity of 3.78%.

Qudian Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.