China Commercial Credit, Inc. (CCCR) Major Shareholder Yang Jie Purchases 849,900 Shares
China Commercial Credit, Inc. (NASDAQ:CCCR) major shareholder Yang Jie acquired 849,900 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $0.09 per share, for a total transaction of $76,491.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
China Commercial Credit, Inc. (NASDAQ:CCCR) traded down 2.39% on Thursday, hitting $2.45. The stock had a trading volume of 26,705 shares. The stock’s market cap is $44.14 million. China Commercial Credit, Inc. has a 12 month low of $0.89 and a 12 month high of $3.42. The company’s 50 day moving average is $2.72 and its 200-day moving average is $2.20.
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Separately, ValuEngine cut China Commercial Credit from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th.
A hedge fund recently bought a new stake in China Commercial Credit stock. Virtu KCG Holdings LLC bought a new position in shares of China Commercial Credit, Inc. (NASDAQ:CCCR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 128,617 shares of the credit services provider’s stock, valued at approximately $412,000. Virtu KCG Holdings LLC owned 0.74% of China Commercial Credit as of its most recent SEC filing. 0.80% of the stock is owned by institutional investors.
About China Commercial Credit
China Commercial Credit, Inc is engaged in offering financial services in China. The Company’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. Its loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co, Ltd.
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