Dark Forest Capital Management LP Takes $139,000 Position in FinVolution Group (NYSE:FINV)

Dark Forest Capital Management LP acquired a new position in FinVolution Group (NYSE:FINV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,157 shares of the company’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SYM FINANCIAL Corp purchased a new position in shares of FinVolution Group in the 2nd quarter valued at approximately $54,000. Vicus Capital acquired a new stake in FinVolution Group during the first quarter valued at $63,000. SVB Wealth LLC purchased a new position in shares of FinVolution Group in the 1st quarter valued at about $80,000. Ballentine Partners LLC raised its stake in shares of FinVolution Group by 62.7% during the 1st quarter. Ballentine Partners LLC now owns 18,481 shares of the company’s stock worth $93,000 after buying an additional 7,123 shares during the period. Finally, D Orazio & Associates Inc. raised its position in FinVolution Group by 23.7% during the first quarter. D Orazio & Associates Inc. now owns 22,318 shares of the company’s stock worth $112,000 after acquiring an additional 4,276 shares during the period. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Up 2.7 %

FinVolution Group stock opened at $6.18 on Tuesday. The company has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $5.09. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 5.67 and a beta of 0.43. FinVolution Group has a 52-week low of $4.22 and a 52-week high of $6.45.

FinVolution Group (NYSE:FINV) last released its quarterly earnings data 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 return on equity of 16.57% and a net margin of 17.00%.

FinVolution Group Company 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.