Caxton Associates LLP bought a new stake in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,886 shares of the company's stock, valued at approximately $1,297,000.
Other hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Qfin during the 1st quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Qfin during the 1st quarter valued at $29,000. Virtus Investment Advisers Inc. acquired a new stake in Qfin during the 4th quarter valued at $61,000. State of Wyoming acquired a new stake in Qfin during the 4th quarter valued at $97,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Qfin during the 1st quarter valued at $108,000. Institutional investors and hedge funds own 74.81% of the company's stock.
Qfin Price Performance
QFIN stock traded down $0.42 during midday trading on Friday, reaching $28.36. The company had a trading volume of 1,124,929 shares, compared to its average volume of 1,881,310. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 4.01, a price-to-earnings-growth ratio of 0.29 and a beta of 0.45. The stock has a 50 day moving average price of $34.30 and a 200-day moving average price of $39.33. Qfin Holdings Inc. - Sponsored ADR has a 1-year low of $24.78 and a 1-year high of $48.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.48.
Qfin (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.01). The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $4.68 billion. Qfin had a return on equity of 30.74% and a net margin of 38.66%. Equities research analysts expect that Qfin Holdings Inc. - Sponsored ADR will post 5.71 earnings per share for the current year.
Qfin Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Qfin's previous semi-annual dividend of $0.70. This represents a yield of 541.0%. Qfin's payout ratio is presently 21.19%.
Analyst Ratings Changes
Several brokerages have issued reports on QFIN. Wall Street Zen downgraded Qfin from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. started coverage on Qfin in a report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price target for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Qfin has a consensus rating of "Buy" and an average target price of $51.73.
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About Qfin
(
Free Report)
Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.
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