Qudian Inc. (NYSE:QD) Stock Position Decreased by Caprock Group LLC

Caprock Group LLC lowered its holdings in Qudian Inc. (NYSE:QD) by 46.1% during the third quarter, HoldingsChannel.com reports. The fund owned 17,627 shares of the company’s stock after selling 15,089 shares during the period. Caprock Group LLC’s holdings in Qudian were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QD. Ballentine Partners LLC grew its position in Qudian by 91.4% in the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock worth $43,000 after purchasing an additional 10,476 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Qudian by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock worth $504,000 after purchasing an additional 16,342 shares in the last quarter. Caxton Associates LP raised its stake in shares of Qudian by 41.4% in the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock worth $616,000 after buying an additional 72,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Qudian by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock valued at $2,838,000 after buying an additional 343,294 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Qudian during the second quarter valued at about $1,918,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Qudian Trading Down 2.1 %

Shares of Qudian stock opened at $2.29 on Tuesday. The company’s 50-day moving average price is $2.21 and its two-hundred day moving average price is $1.96. Qudian Inc. has a 52 week low of $1.52 and a 52 week high of $2.60. The stock has a market cap of $459.37 million, a PE ratio of 57.25 and a beta of 0.60.

Qudian (NYSE:QD) last posted its quarterly earnings results on Friday, September 6th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $7.34 million for the quarter. Qudian had a return on equity of 0.36% and a net margin of 18.32%.

Qudian Profile

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.