Qfin Holdings Inc. - Sponsored ADR $QFIN Stock Holdings Trimmed by Tiger Pacific Capital LP

Key Points

• Tiger Pacific Capital LP has reduced its holdings in Qfin Holdings Inc. by 10.6%, now owning 943,227 shares, making it the firm's second largest position.
• Qfin announced a semi-annual dividend increase to $0.76 per share, with a yield of 440.0%, payable on September 30th.
• The company's latest earnings report showed an EPS of $1.78, missing estimates, while revenue was significantly below expectations at $728 million compared to $4.68 billion forecasted.

Tiger Pacific Capital LP cut its holdings in Qfin Holdings Inc. - Sponsored ADR (NASDAQ:QFIN - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 943,227 shares of the company's stock after selling 111,275 shares during the quarter. Qfin comprises 15.3% of Tiger Pacific Capital LP's holdings, making the stock its 2nd largest position. Tiger Pacific Capital LP owned 0.60% of Qfin worth $42,360,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QFIN. SVB Wealth LLC acquired a new position in shares of Qfin during the first quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Qfin during the 1st quarter worth approximately $29,000. Virtus Investment Advisers Inc. acquired a new position in Qfin during the 4th quarter valued at approximately $61,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Qfin in the first quarter worth $108,000. Finally, State of Wyoming purchased a new position in shares of Qfin in the fourth quarter worth $97,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Qfin Stock Down 0.4%

NASDAQ:QFIN opened at $28.77 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.48 and a quick ratio of 3.48. The company's fifty day moving average price is $35.78 and its 200-day moving average price is $39.76. Qfin Holdings Inc. - Sponsored ADR has a 1-year low of $24.30 and a 1-year high of $48.94. The firm has a market capitalization of $4.53 billion, a P/E ratio of 4.06, a PEG ratio of 0.29 and a beta of 0.45.

Qfin (NASDAQ:QFIN - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $4.68 billion. Qfin had a net margin of 38.66% and a return on equity of 30.74%. As a group, equities research analysts anticipate that Qfin Holdings Inc. - Sponsored ADR will post 5.71 EPS for the current year.

Qfin Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 8th will be given a dividend of $0.76 per share. This is an increase from Qfin's previous semi-annual dividend of $0.70. This represents a yield of 440.0%. The ex-dividend date is Monday, September 8th. Qfin's dividend payout ratio (DPR) is 21.19%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QFIN. JPMorgan Chase & Co. began coverage on shares of Qfin in a report on Wednesday, July 2nd. They set an "overweight" rating and a $65.00 price objective on the stock. Wall Street Zen downgraded Qfin from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $51.73.

Qfin Profile

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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