Noah (NYSE:NOAH) Reaches New 52-Week Low – Should You Sell?

Noah Holdings Ltd. (NYSE:NOAH) shares reached a new 52-week low on Thursday . The company traded as low as $8.61 and last traded at $8.6350, with a volume of 47375 shares. The stock had previously closed at $8.84.

Wall Street Analyst Weigh In

NOAH has been the topic of several recent research reports. Weiss Ratings cut Noah from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Zacks Research raised Noah from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen upgraded Noah from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Noah from $12.00 to $11.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.75.

Noah Price Performance

The stock has a market cap of $582.36 million, a PE ratio of 7.98 and a beta of 0.80. The stock’s fifty day moving average is $9.97 and its 200-day moving average is $10.70.

Noah Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 6th. Shareholders of record on Thursday, July 9th will be issued a $1.3806 dividend. This represents a yield of 778.0%. The ex-dividend date is Thursday, July 9th. This is a positive change from Noah’s previous annual dividend of $1.16. Noah’s dividend payout ratio (DPR) is presently 62.04%.

Institutional Trading of Noah

A number of hedge funds and other institutional investors have recently made changes to their positions in NOAH. Federation des caisses Desjardins du Quebec purchased a new stake in shares of Noah during the 4th quarter valued at approximately $41,000. Quadrant Capital Group LLC acquired a new stake in Noah during the third quarter worth $85,000. IMC Chicago LLC purchased a new stake in Noah in the first quarter valued at $100,000. Kestra Private Wealth Services LLC acquired a new position in shares of Noah in the 1st quarter valued at $103,000. Finally, Ramsey Quantitative Systems purchased a new position in shares of Noah during the 2nd quarter worth $105,000. Institutional investors and hedge funds own 42.67% of the company’s stock.

About Noah

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.