PPDAI Group (NYSE:FINV) Releases Quarterly Earnings Results

PPDAI Group (NYSE:FINV) issued its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, Zacks reports. PPDAI Group had a return on equity of 14.22% and a net margin of 16.58%.

PPDAI Group Stock Performance

Shares of NYSE FINV traded down $0.20 during midday trading on Thursday, hitting $4.01. The company’s stock had a trading volume of 1,989,387 shares, compared to its average volume of 988,008. The firm has a market capitalization of $976.81 million, a price-to-earnings ratio of 3.37 and a beta of 0.36. 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 stock has a fifty day moving average price of $4.69 and a 200 day moving average price of $4.99. PPDAI Group has a one year low of $3.94 and a one year high of $8.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut PPDAI Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in PPDAI Group by 114.5% in the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock valued at $571,000 after buying an additional 31,641 shares in the last quarter. Millennium Management LLC lifted its position in shares of PPDAI Group by 573.9% during the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after acquiring an additional 894,566 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of PPDAI Group by 2.6% during the first 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 acquiring an additional 12,000 shares in the last quarter. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

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.