Gagnon Securities LLC Boosts Holdings in CNFinance Holdings Limited Sponsored ADR (NYSE:CNF)

Key Points

• Gagnon Securities LLC increased its stake in CNFinance Holdings by 24.5%, owning over 2.1 million shares worth approximately $1.64 million as of the end of the first quarter.
• XTX Topco Ltd has made a new investment in CNFinance during the fourth quarter, valued at $26,000.
• CNFinance has a market cap of $50 million and a price-to-earnings ratio of 2.35, with its stock trading between a 52-week low of $0.37 and a high of $2.84.

Gagnon Securities LLC raised its stake in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF - Free Report) by 24.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,103,222 shares of the company's stock after purchasing an additional 414,490 shares during the period. Gagnon Securities LLC owned 3.07% of CNFinance worth $1,641,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd purchased a new position in CNFinance during the fourth quarter valued at $26,000.

CNFinance Stock Performance

CNF opened at $0.73 on Thursday. The company has a quick ratio of 534.73, a current ratio of 764.91 and a debt-to-equity ratio of 1.87. The company has a market cap of $50.00 million, a price-to-earnings ratio of 2.35 and a beta of 0.02. CNFinance Holdings Limited Sponsored ADR has a 52-week low of $0.37 and a 52-week high of $2.84. The firm's fifty day simple moving average is $0.64 and its two-hundred day simple moving average is $0.80.

CNFinance Company Profile

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.

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