Key Points
- Director Bing Xiang sold 75,000 shares of PPDAI Group on May 28 at an average price of $1.07, reducing his ownership by 80% to 18,750 shares.
- PPDAI Group recently posted stronger-than-expected quarterly results, reporting EPS of $0.26 versus the $0.23 consensus and revenue of $465.58 million versus expectations of $438.70 million.
- The company also increased its annual dividend to $0.306 per share from $0.28, while analysts currently rate the stock a Hold on average.
PPDAI Group Inc. Sponsored ADR (NYSE:FINV - Get Free Report) Director Bing Xiang sold 75,000 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $1.07, for a total value of $80,250.00. Following the sale, the director owned 18,750 shares of the company's stock, valued at approximately $20,062.50. This represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
PPDAI Group Trading Up 1.4%
PPDAI Group stock opened at $5.27 on Friday. The business has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $5.21. The company has a market cap of $1.28 billion, a P/E ratio of 4.42 and a beta of 0.32. PPDAI Group Inc. Sponsored ADR has a 52-week low of $4.35 and a 52-week high of $10.90. The company has a quick ratio of 3.26, a current ratio of 3.36 and a debt-to-equity ratio of 0.07.
PPDAI Group (NYSE:FINV - Get Free Report) last released its quarterly earnings results on Monday, May 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The business had revenue of $465.58 million during the quarter, compared to the consensus estimate of $438.70 million. PPDAI Group had a return on equity of 14.22% and a net margin of 16.58%.
PPDAI Group Increases Dividend
The firm also recently disclosed 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 positive change from PPDAI Group's previous annual dividend of $0.28. PPDAI Group's payout ratio is presently 17.65%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of PPDAI Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PPDAI Group currently has an average rating of "Hold".
Get Our Latest Stock Analysis on FINV
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in PPDAI Group by 573.9% in the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company's stock worth $10,116,000 after buying an additional 894,566 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PPDAI Group by 2.6% in 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 worth $4,584,000 after buying an additional 12,000 shares during the period. Royal Bank of Canada boosted its holdings in PPDAI Group by 114.5% in the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company's stock worth $571,000 after buying an additional 31,641 shares during the period. Abacus Wealth Partners LLC bought a new position in PPDAI Group in the 4th quarter worth $221,000. Finally, SG Americas Securities LLC boosted its holdings in PPDAI Group by 110.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the company's stock worth $138,000 after buying an additional 13,855 shares during the period. 31.15% of the stock is currently owned by institutional investors.
PPDAI Group Company Profile
(
Get Free Report)
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.
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