Caprock Group LLC Acquires New Shares in FinVolution Group (NYSE:FINV)

Caprock Group LLC bought a new position in FinVolution Group (NYSE:FINV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,407 shares of the company’s stock, valued at approximately $479,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC raised its holdings in shares of FinVolution Group by 12.5% during the 2nd quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock valued at $13,634,000 after purchasing an additional 317,682 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of FinVolution Group by 155.9% in the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock worth $2,539,000 after buying an additional 306,903 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of FinVolution Group by 54.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock worth $3,597,000 after acquiring an additional 250,967 shares in the last quarter. HCEP Management Ltd increased its holdings in shares of FinVolution Group by 580.1% during the 4th quarter. HCEP Management Ltd now owns 250,000 shares of the company’s stock valued at $1,225,000 after acquiring an additional 213,242 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in shares of FinVolution Group by 240.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 176,566 shares of the company’s stock valued at $865,000 after acquiring an additional 124,746 shares during the last quarter. 31.15% of the stock is owned by hedge funds and other institutional investors.

FinVolution Group Stock Performance

FINV opened at $5.26 on Thursday. The firm has a market cap of $1.40 billion, a P/E ratio of 4.83 and a beta of 0.43. The business has a 50 day moving average price of $5.27 and a 200 day moving average price of $5.05. FinVolution Group has a twelve month low of $4.22 and a twelve month high of $5.80.

FinVolution Group (NYSE:FINV) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.30 earnings per share for the quarter. FinVolution Group had a net margin of 17.00% and a return on equity of 16.57%. The business had revenue of $435.93 million during the quarter.

FinVolution Group 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.