Caxton Associates LP Cuts Stock Position in FinVolution Group (NYSE:FINV)

Caxton Associates LP lowered its stake in FinVolution Group (NYSE:FINV) by 7.4% during the second quarter, Holdings Channel.com reports. The fund owned 125,900 shares of the company’s stock after selling 10,063 shares during the quarter. Caxton Associates LP’s holdings in FinVolution Group were worth $601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FINV. Acadian Asset Management LLC grew its position in shares of FinVolution Group by 12.5% in the second 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 during the period. Dimensional Fund Advisors LP increased its stake in FinVolution Group by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after buying an additional 315,366 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of FinVolution Group by 155.9% during the first quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock valued at $2,539,000 after acquiring an additional 306,903 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of FinVolution Group by 54.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock valued at $3,597,000 after acquiring an additional 250,967 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of FinVolution Group in the second quarter valued at approximately $1,039,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Performance

Shares of FINV opened at $5.92 on Friday. The stock has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.08. FinVolution Group has a one year low of $4.22 and a one year high of $5.95. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 5.43 and a beta of 0.43.

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

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.