PPDAI Group (NYSE:FINV) Trading Down 6.3% – Here’s What Happened

PPDAI Group Inc. Sponsored ADR (NYSE:FINV)’s stock price fell 6.3% during mid-day trading on Thursday . The stock traded as low as $4.01 and last traded at $3.9450. Approximately 923,965 shares were traded during trading, a decline of 6% from the average daily volume of 980,606 shares. The stock had previously closed at $4.21.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

PPDAI Group Price Performance

The stock has a market capitalization of $959.78 million, a PE ratio of 3.33 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.36 and a quick ratio of 3.36. The firm’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $4.99.

PPDAI Group (NYSE:FINV) last released its earnings results on Monday, May 25th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $465.58 million for the quarter, compared to analyst estimates of $438.70 million. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares during the last quarter. Millennium Management LLC grew its holdings in shares of PPDAI Group by 573.9% in the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after purchasing an additional 894,566 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of PPDAI Group by 2.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after buying an additional 12,000 shares during the period. Farther Finance Advisors LLC raised its holdings in PPDAI Group by 57.7% during the 4th quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after buying an additional 2,083 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in PPDAI Group by 28.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock worth $86,000 after acquiring an additional 3,655 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

PPDAI Group Company Profile

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.