Gagnon Securities LLC Has $1.60 Million Stake in CNFinance Holdings Limited (NYSE:CNF)

Gagnon Securities LLC increased its position in shares of CNFinance Holdings Limited (NYSE:CNF) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,688,732 shares of the company’s stock after buying an additional 77,454 shares during the period. Gagnon Securities LLC owned 2.46% of CNFinance worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

CNFinance Price Performance

Shares of CNF opened at $1.23 on Friday. The company has a market cap of $84.35 million, a price-to-earnings ratio of 3.97 and a beta of -0.01. CNFinance Holdings Limited has a 1-year low of $0.81 and a 1-year high of $2.84. The company’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $1.12. The company has a current ratio of 874.07, a quick ratio of 679.18 and a debt-to-equity ratio of 2.35.

About CNFinance

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.