PPDAI Group (NYSE:FINV) Director Sells $80,250.00 in Stock

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

PPDAI Group Stock Up 0.3%

Shares of NYSE FINV opened at $5.27 on Monday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 4.42 and a beta of 0.34. PPDAI Group Inc. Sponsored ADR has a 12 month low of $4.35 and a 12 month high of $10.90. The stock has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $5.20.

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

PPDAI Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased its position in PPDAI Group by 573.9% during the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in PPDAI Group by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock valued at $4,584,000 after purchasing an additional 12,000 shares during the period. Royal Bank of Canada increased 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 valued at $571,000 after purchasing an additional 31,641 shares during the period. Abacus Wealth Partners LLC acquired a new stake in PPDAI Group during the 4th quarter valued at approximately $221,000. Finally, SG Americas Securities LLC increased its position in PPDAI Group by 110.4% during the 4th 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. Institutional investors and hedge funds 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.