Mariner LLC Has $1.23 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Mariner LLC increased its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 58.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,128 shares of the company's stock after buying an additional 11,813 shares during the quarter. Mariner LLC's holdings in Qifu Technology were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wrapmanager Inc. boosted its stake in shares of Qifu Technology by 4.1% during the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock worth $290,000 after acquiring an additional 296 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock valued at $45,000 after acquiring an additional 518 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of Qifu Technology by 5.9% in the 4th quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock worth $438,000 after buying an additional 631 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Qifu Technology during the 4th quarter worth about $29,000. Finally, Lester Murray Antman dba SimplyRich grew its position in Qifu Technology by 5.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company's stock worth $548,000 after acquiring an additional 768 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their price objective on Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a report on Wednesday, March 26th.

Qifu Technology Stock Performance

QFIN stock traded up $1.90 during midday trading on Friday, hitting $42.27. 396,960 shares of the company's stock were exchanged, compared to its average volume of 1,545,164. The stock's fifty day moving average price is $40.90 and its 200-day moving average price is $38.48. Qifu Technology, Inc. has a one year low of $18.13 and a one year high of $48.94. The company has a market cap of $6.66 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last released its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.14. The firm had revenue of $613.89 million during the quarter, compared to the consensus estimate of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. On average, analysts expect that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.70 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 23rd. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's payout ratio is 23.79%.

About Qifu Technology

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.