Key Points
- Director Xiaohuan Chen purchased 190,000 shares of Qfin on March 27 at an average price of $12.89, a transaction valued at $2,449,100 and disclosed in an SEC filing.
- The company announced a $0.78 per share dividend payable May 14 to holders of record on April 22 (ex-dividend April 22), with the report citing a yield of 1,143.0% and a dividend payout ratio of 24.35%.
- Qfin shares traded around $12.99 with a 52-week range of $12.29–$47.00, a market cap of about $1.84B, a low P/E of 2.11 and recent quarterly EPS of $0.59; analysts have a consensus "Hold" rating with an average price target of $22.20.
Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Get Free Report) Director Xiaohuan Chen acquired 190,000 shares of the company's stock in a transaction dated Friday, March 27th. The shares were bought at an average cost of $12.89 per share, with a total value of $2,449,100.00. Following the purchase, the director owned 190,000 shares of the company's stock, valued at approximately $2,449,100. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Qfin Stock Up 0.1%
Shares of Qfin stock opened at $12.99 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.94 and a current ratio of 2.43. Qfin Holdings Inc. - Sponsored ADR has a 52-week low of $12.29 and a 52-week high of $47.00. The company's 50 day moving average price is $14.66 and its 200-day moving average price is $19.82. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 2.11, a P/E/G ratio of 0.21 and a beta of 0.51.
Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.59 EPS for the quarter. The company had revenue of $584.98 million during the quarter. Qfin had a net margin of 31.13% and a return on equity of 24.97%. Equities research analysts forecast that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.
Qfin Announces Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.78 per share. This represents a dividend yield of 1,143.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Qfin's dividend payout ratio is 24.35%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its stake in shares of Qfin by 813.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,669 shares of the company's stock valued at $90,000 after purchasing an additional 4,158 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Qfin in the 4th quarter worth approximately $202,000. XTX Topco Ltd grew its stake in shares of Qfin by 123.8% in the 4th quarter. XTX Topco Ltd now owns 37,511 shares of the company's stock worth $723,000 after buying an additional 20,747 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Qfin by 124.1% in the 4th quarter. Voloridge Investment Management LLC now owns 1,163,392 shares of the company's stock worth $22,419,000 after buying an additional 644,171 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Qfin in the 4th quarter worth approximately $466,000. 74.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Zacks Research downgraded Qfin from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qfin in a report on Monday, December 29th. Finally, Jefferies Financial Group cut their price objective on Qfin from $30.30 to $23.40 and set a "buy" rating on the stock in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.20.
Get Our Latest Stock Report on QFIN
Qfin Company Profile
(
Get Free Report)
360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.
The company's flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
