Bing Xiang Sells 75,000 Shares of PPDAI Group (NYSE:FINV) Stock

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) Director Bing Xiang sold 75,000 shares of PPDAI Group stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $1.07, for a total transaction of $80,250.00. Following the sale, the director directly owned 18,750 shares in the company, valued at approximately $20,062.50. The trade was a 80.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PPDAI Group Stock Up 1.4%

FINV stock opened at $5.27 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 4.42 and a beta of 0.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.26 and a current ratio of 3.36. The firm’s 50 day moving average price is $4.95 and its 200-day moving average price is $5.21. PPDAI Group Inc. Sponsored ADR has a one year low of $4.35 and a one year high of $10.90.

PPDAI Group (NYSE:FINV) last released its quarterly 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 firm 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%.

PPDAI Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, April 16th were given a dividend of $0.306 per share. This represents a dividend yield of 637.0%. The ex-dividend date of this dividend was Thursday, April 16th. This is a boost from PPDAI Group’s previous annual dividend of $0.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPDAI Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Trading of PPDAI Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in PPDAI Group by 57.7% in the fourth quarter. Farther Finance Advisors LLC now owns 5,695 shares of the company’s stock valued at $30,000 after purchasing an additional 2,083 shares during the period. Kingswood Wealth Advisors LLC raised its position in PPDAI Group by 28.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,462 shares of the company’s stock valued at $86,000 after purchasing an additional 3,655 shares during the period. FourThought Financial Partners LLC purchased a new stake in PPDAI Group in the fourth quarter valued at approximately $120,000. SG Americas Securities LLC raised its position in PPDAI Group by 110.4% in the fourth quarter. SG Americas Securities LLC now owns 26,404 shares of the company’s stock valued at $138,000 after purchasing an additional 13,855 shares during the period. Finally, Abacus Wealth Partners LLC purchased a new stake in PPDAI Group in the fourth quarter valued at approximately $221,000. 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.