FinVolution Group (NYSE:FINV) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in shares of FinVolution Group (NYSE:FINV) by 54.2% during the first quarter, Holdings Channel reports. The firm owned 713,690 shares of the company’s stock after acquiring an additional 250,967 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in FinVolution Group were worth $3,597,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of FinVolution Group in the 4th quarter worth $56,000. Vicus Capital acquired a new stake in shares of FinVolution Group during the first quarter worth $63,000. D Orazio & Associates Inc. grew its holdings in FinVolution Group by 40.9% in the 4th quarter. D Orazio & Associates Inc. now owns 18,042 shares of the company’s stock valued at $88,000 after buying an additional 5,237 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in FinVolution Group by 27.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 26,155 shares of the company’s stock valued at $128,000 after purchasing an additional 5,705 shares during the period. Finally, Kathmere Capital Management LLC increased its position in FinVolution Group by 28.9% during the first quarter. Kathmere Capital Management LLC now owns 35,465 shares of the company’s stock worth $179,000 after purchasing an additional 7,946 shares during the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Up 0.4 %

Shares of FINV traded up $0.02 during mid-day trading on Wednesday, reaching $5.07. The company had a trading volume of 544,093 shares, compared to its average volume of 704,738. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 4.63 and a beta of 0.44. The firm has a fifty day simple moving average of $4.83 and a 200-day simple moving average of $4.91. FinVolution Group has a fifty-two week low of $4.22 and a fifty-two week high of $6.05.

FinVolution Group (NYSE:FINV) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $438.36 million during the quarter. FinVolution Group had a return on equity of 16.91% and a net margin of 17.15%.

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.