DGS Capital Management LLC Grows Stock Holdings in FinVolution Group (NYSE:FINV)

DGS Capital Management LLC grew its holdings in FinVolution Group (NYSE:FINV) by 23.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 444,853 shares of the company’s stock after acquiring an additional 84,077 shares during the period. FinVolution Group comprises approximately 0.7% of DGS Capital Management LLC’s holdings, making the stock its 21st biggest holding. DGS Capital Management LLC’s holdings in FinVolution Group were worth $2,749,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FINV. Canada Pension Plan Investment Board acquired a new position in FinVolution Group during the 2nd quarter worth approximately $1,039,000. Caprock Group LLC purchased a new position in shares of FinVolution Group in the second quarter valued at $479,000. SG Americas Securities LLC acquired a new stake in FinVolution Group during the 2nd quarter valued at $472,000. Dimensional Fund Advisors LP grew its holdings in FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock valued at $10,689,000 after purchasing an additional 315,366 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in FinVolution Group during the 3rd quarter worth $261,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Down 0.7 %

NYSE:FINV traded down $0.05 on Friday, reaching $6.82. The stock had a trading volume of 96,292 shares, compared to its average volume of 708,104. The company has a 50-day moving average of $6.32 and a 200 day moving average of $5.59. The stock has a market cap of $1.81 billion, a P/E ratio of 5.84 and a beta of 0.48. FinVolution Group has a 12-month low of $4.45 and a 12-month high of $7.29.

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.