PPDAI Group Inc. Sponsored ADR (FINV) To Go Ex-Dividend on April 16th

PPDAI Group Inc. Sponsored ADR (NYSE:FINV) announced an annual dividend on Monday, March 16th. Shareholders of record on Thursday, April 16th will be given a dividend of 0.306 per share on Thursday, May 7th. This represents a yield of 497.0%. The ex-dividend date of this dividend is Thursday, April 16th. This is a 10.5% increase from PPDAI Group’s previous annual dividend of $0.28.

PPDAI Group has raised its dividend payment by an average of 0.1%per year over the last three years. PPDAI Group has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings.

PPDAI Group Trading Down 1.9%

Shares of PPDAI Group stock traded down $0.12 during midday trading on Wednesday, reaching $6.07. 335,388 shares of the company’s stock traded hands, compared to its average volume of 1,069,572. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.86 and a current ratio of 2.86. PPDAI Group has a 12 month low of $4.70 and a 12 month high of $10.90. The company has a market cap of $1.54 billion, a PE ratio of 4.54 and a beta of 0.29. The stock has a 50 day moving average of $5.36 and a 200-day moving average of $5.96.

PPDAI Group (NYSE:FINV) last announced its earnings results on Monday, March 16th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). PPDAI Group had a net margin of 18.70% and a return on equity of 16.66%. The company had revenue of $432.29 million for the quarter, compared to the consensus estimate of $514.80 million.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FINV. Wall Street Zen cut PPDAI Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of PPDAI Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, PPDAI Group has an average rating of “Moderate Buy” and an average target price of $12.10.

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.