Noah (NYSE:NOAH) Reaches New 52-Week Low – Time to Sell?

Noah Holdings Ltd. (NYSE:NOAH)’s stock price hit a new 52-week low on Thursday . The company traded as low as $8.46 and last traded at $8.48, with a volume of 4675 shares trading hands. The stock had previously closed at $8.60.

Wall Street Analyst Weigh In

NOAH has been the subject of a number of analyst reports. Weiss Ratings cut Noah from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Zacks Research raised shares of Noah from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. JPMorgan Chase & Co. dropped their target price on shares of Noah from $12.00 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Noah from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.75.

Noah Price Performance

The stock’s 50 day simple moving average is $9.73 and its two-hundred day simple moving average is $10.59. The company has a market capitalization of $568.47 million, a P/E ratio of 7.80 and a beta of 0.80.

Noah Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Thursday, July 9th will be issued a $1.3806 dividend. This is an increase from Noah’s previous annual dividend of $1.16. This represents a dividend yield of 778.0%. The ex-dividend date of this dividend is Thursday, July 9th. Noah’s dividend payout ratio (DPR) is 62.04%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FIL Ltd grew its position in shares of Noah by 7.1% during the 4th quarter. FIL Ltd now owns 6,377,766 shares of the asset manager’s stock worth $64,033,000 after buying an additional 424,717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Noah in the second quarter valued at approximately $14,128,000. Dimensional Fund Advisors LP lifted its holdings in Noah by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 468,510 shares of the asset manager’s stock valued at $4,641,000 after buying an additional 40,332 shares during the period. Nuveen LLC lifted its holdings in Noah by 35.0% in the fourth quarter. Nuveen LLC now owns 454,675 shares of the asset manager’s stock valued at $4,565,000 after buying an additional 117,971 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its stake in Noah by 7.4% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 444,967 shares of the asset manager’s stock valued at $4,467,000 after acquiring an additional 30,691 shares during the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

About Noah

Noah Holdings Limited is a China-based wealth management and asset management firm specializing in tailored advisory services for high-net-worth individuals, family offices and select institutional clients. The company offers a broad range of investment solutions that draw on its deep market research and partner network to provide access to both onshore and offshore products. Noah’s business model centers on delivering structured investment products, portfolio management services and family wealth planning solutions designed to meet the evolving needs of affluent clients in China and beyond.

Noah’s main service lines include discretionary portfolio management, fund distribution, private equity and venture capital fund platforms, and alternative investment strategies such as real estate and insurance-linked products.