Sei Investments Co. Has $190,000 Stock Holdings in Qudian Inc. (NYSE:QD)

Sei Investments Co. cut its holdings in Qudian Inc. (NYSE:QD) by 62.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,819 shares of the company’s stock after selling 161,367 shares during the quarter. Sei Investments Co.’s holdings in Qudian were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in shares of Qudian during the first quarter worth $29,000. Kathmere Capital Management LLC bought a new position in shares of Qudian during the first quarter worth $30,000. Caprock Group LLC bought a new stake in Qudian in the 2nd quarter valued at $65,000. O Shaughnessy Asset Management LLC increased its stake in Qudian by 8.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock valued at $504,000 after buying an additional 16,342 shares during the last quarter. Finally, Caxton Associates LP increased its stake in Qudian by 41.4% in the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock valued at $616,000 after buying an additional 72,146 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Qudian Trading Up 0.7 %

Shares of QD stock opened at $2.12 on Friday. Qudian Inc. has a 1 year low of $1.52 and a 1 year high of $2.60. The firm’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $1.99. The firm has a market capitalization of $424.27 million, a P/E ratio of -11.75 and a beta of 0.62.

Qudian (NYSE:QD) last released its quarterly earnings data on Friday, September 6th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $7.34 million for the quarter. Qudian had a negative net margin of 134.42% and a negative return on equity of 2.35%.

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.