FinVolution Group (NYSE:FINV) Hits New 1-Year High at $5.85

FinVolution Group (NYSE:FINV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $5.85 and last traded at $5.85, with a volume of 10224 shares. The stock had previously closed at $5.67.

FinVolution Group Stock Performance

The stock has a 50 day moving average of $5.41 and a 200 day moving average of $5.08. The stock has a market capitalization of $1.60 billion, a P/E ratio of 5.52 and a beta of 0.43.

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

Hedge Funds Weigh In On FinVolution Group

Several hedge funds and other institutional investors have recently made changes to their positions in FINV. Campbell & CO Investment Adviser LLC increased its position in FinVolution Group by 240.7% in 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 period. HCEP Management Ltd increased its holdings in shares of FinVolution Group by 580.1% during the fourth quarter. HCEP Management Ltd now owns 250,000 shares of the company’s stock valued at $1,225,000 after purchasing an additional 213,242 shares during the period. Ballentine Partners LLC raised its stake in shares of FinVolution Group by 62.7% during the first quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock valued at $93,000 after purchasing an additional 7,123 shares in the last quarter. DGS Capital Management LLC raised its stake in shares of FinVolution Group by 14.3% during the first quarter. DGS Capital Management LLC now owns 245,588 shares of the company’s stock valued at $1,238,000 after purchasing an additional 30,753 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in FinVolution Group by 28.9% in the first quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after purchasing an additional 7,946 shares during the period. 31.15% of the stock is currently owned by institutional investors and hedge funds.

About FinVolution Group

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.