FinVolution Group (NYSE:FINV) Short Interest Update

FinVolution Group (NYSE:FINV - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 1,910,000 shares, a decline of 14.7% from the March 31st total of 2,240,000 shares. Approximately 1.4% of the company's shares are short sold. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On FinVolution Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC boosted its holdings in shares of FinVolution Group by 2.5% in the first quarter. Cerity Partners LLC now owns 59,268 shares of the company's stock worth $571,000 after acquiring an additional 1,439 shares during the period. WealthCollab LLC raised its holdings in FinVolution Group by 8.5% during the 4th quarter. WealthCollab LLC now owns 18,708 shares of the company's stock valued at $127,000 after buying an additional 1,459 shares during the last quarter. SG Americas Securities LLC boosted its holdings in FinVolution Group by 5.5% in the first quarter. SG Americas Securities LLC now owns 29,753 shares of the company's stock valued at $287,000 after acquiring an additional 1,554 shares in the last quarter. SYM FINANCIAL Corp grew its holdings in shares of FinVolution Group by 14.4% during the 4th quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock worth $92,000 after acquiring an additional 1,706 shares during the period. Finally, D Orazio & Associates Inc. increased its holdings in shares of FinVolution Group by 4.4% during the first quarter. D Orazio & Associates Inc. now owns 47,576 shares of the company's stock valued at $458,000 after acquiring an additional 2,011 shares in the last quarter. 31.15% of the stock is owned by institutional investors.

FinVolution Group Trading Down 0.5 %

Shares of NYSE FINV traded down $0.05 during midday trading on Thursday, reaching $8.32. 220,072 shares of the stock were exchanged, compared to its average volume of 818,917. The stock has a 50 day moving average price of $8.54 and a 200-day moving average price of $7.53. FinVolution Group has a 52-week low of $4.63 and a 52-week high of $11.08. The company has a market capitalization of $2.11 billion, a P/E ratio of 7.15 and a beta of 0.30.

FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported $0.38 earnings per share for the quarter. The firm had revenue of $473.57 million for the quarter. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%.

FinVolution Group Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 16th were given a $0.277 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This is a positive change from FinVolution Group's previous annual dividend of $0.24. This represents a dividend yield of 2%. FinVolution Group's dividend payout ratio is presently 16.80%.

FinVolution Group declared that its board has initiated a stock repurchase plan on Monday, March 17th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

FINV has been the topic of several recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $11.80 target price (up from $7.80) on shares of FinVolution Group in a research note on Thursday, March 20th. Citigroup upgraded FinVolution Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $6.00 to $11.00 in a research report on Tuesday, March 18th.

FinVolution Group Company Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.