Renaissance Technologies LLC Sells 1,900 Shares of FinVolution Group (NYSE:FINV)

Renaissance Technologies LLC cut its holdings in shares of FinVolution Group (NYSE:FINV) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 90,200 shares of the company’s stock after selling 1,900 shares during the period. Renaissance Technologies LLC’s holdings in FinVolution Group were worth $430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC boosted its position in FinVolution Group by 12.5% during 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 last quarter. Dimensional Fund Advisors LP increased its stake in FinVolution Group by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock valued at $10,689,000 after acquiring an additional 315,366 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of FinVolution Group by 155.9% during the 1st quarter. Russell Investments Group Ltd. now owns 503,756 shares of the company’s stock worth $2,539,000 after buying an additional 306,903 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of FinVolution Group by 54.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 713,690 shares of the company’s stock worth $3,597,000 after acquiring an additional 250,967 shares during the last quarter. Finally, HCEP Management Ltd lifted its stake in FinVolution Group by 580.1% in the 4th quarter. HCEP Management Ltd now owns 250,000 shares of the company’s stock valued at $1,225,000 after purchasing an additional 213,242 shares during the last quarter. 31.15% of the stock is currently owned by institutional investors and hedge funds.

FinVolution Group Price Performance

Shares of NYSE FINV opened at $6.14 on Friday. FinVolution Group has a 1 year low of $4.22 and a 1 year high of $7.24. The firm has a market cap of $1.63 billion, a PE ratio of 5.63 and a beta of 0.45. The company has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $5.18.

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

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.