PPDAI Group (NYSE:FINV) Hits New 52-Week Low – Should You Sell?

Shares of PPDAI Group Inc. Sponsored ADR (NYSE:FINV) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.59 and last traded at $4.6210, with a volume of 141343 shares. The stock had previously closed at $4.74.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of PPDAI Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.10.

PPDAI Group Stock Performance

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 3.48 and a beta of 0.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.34 and a quick ratio of 2.86. The stock has a 50-day moving average of $5.38 and a 200 day moving average of $5.86.

PPDAI Group (NYSE:FINV) last issued its earnings results on Monday, March 16th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). PPDAI Group had a net margin of 18.70% and a return on equity of 16.39%. The business had revenue of $432.21 million during the quarter, compared to the consensus estimate of $514.80 million.

PPDAI Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, May 7th. Shareholders of record on Thursday, April 16th will be paid a $0.306 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This is a boost from PPDAI Group’s previous annual dividend of $0.28. This represents a yield of 497.0%.

Institutional Trading of PPDAI Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of 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 purchasing an additional 31,641 shares during the last quarter. Millennium Management LLC increased its holdings in PPDAI Group by 573.9% in the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after purchasing an additional 894,566 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in PPDAI Group by 2.6% in 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 valued at $4,584,000 after buying an additional 12,000 shares during the period. Russell Investments Group Ltd. boosted its holdings in PPDAI Group by 7.0% during the second quarter. Russell Investments Group Ltd. now owns 510,777 shares of the company’s stock worth $4,869,000 after buying an additional 33,207 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in PPDAI Group during the third quarter worth about $94,000. Institutional investors own 31.15% of the company’s stock.

About PPDAI Group

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.