Ballentine Partners LLC Purchases New Shares in Qudian Inc. (NYSE:QD)

Ballentine Partners LLC acquired a new stake in Qudian Inc. (NYSE:QD) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,458 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Profund Advisors LLC bought a new position in shares of Qudian in the third quarter worth about $25,000. Headlands Technologies LLC boosted its holdings in shares of Qudian by 89,325.0% during the 4th quarter. Headlands Technologies LLC now owns 14,308 shares of the company’s stock valued at $29,000 after acquiring an additional 14,292 shares in the last quarter. Caxton Associates LP raised its position in Qudian by 77.2% in the third quarter. Caxton Associates LP now owns 174,376 shares of the company’s stock valued at $370,000 after purchasing an additional 75,959 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Qudian during the third quarter valued at about $168,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Qudian during the third quarter worth about $363,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Qudian Trading Down 0.8 %

NYSE:QD opened at $1.88 on Friday. The firm’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $2.17. Qudian Inc. has a one year low of $1.52 and a one year high of $2.60.

About Qudian

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.