PPDAI Group (NYSE:FINV) Announces Quarterly Earnings Results

Key Points

• PPDAI Group reported quarterly earnings of $0.29 per share, with a net margin of 16.58% and return on equity of 14.22%.
• Shares fell 4.6% to $4.01, near the company’s 52-week low of $3.94; the stock trades at a price-to-earnings ratio of 3.37.
• Institutional ownership stands at 31.15%, while analyst sentiment remains cautious: the sole analyst rates the stock “Hold,” and Weiss Ratings downgraded it to “hold (c-).”

PPDAI Group (NYSE:FINV - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.29 earnings per share for the quarter, Zacks reports. PPDAI Group had a net margin of 16.58% and a return on equity of 14.22%.

PPDAI Group Stock Down 4.6%

NYSE FINV traded down $0.20 during trading hours 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 company has a market capitalization of $976.81 million, a PE 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. PPDAI Group has a 52 week low of $3.94 and a 52 week high of $8.69. The company's 50-day simple moving average is $4.69 and its two-hundred day simple moving average is $4.99.

Hedge Funds Weigh In On PPDAI Group

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of 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 acquiring an additional 894,566 shares in the last quarter. 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 valued at $4,584,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company's stock valued at $571,000 after purchasing an additional 31,641 shares in the last quarter. 31.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded PPDAI Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, PPDAI Group has a consensus rating of "Hold".

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.

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