Ascent Group LLC bought a new position in FinVolution Group (NYSE:FINV – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 16,627 shares of the company’s stock, valued at approximately $103,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FINV. SYM FINANCIAL Corp bought a new stake in FinVolution Group in the 2nd quarter worth about $54,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FinVolution Group during the 3rd quarter worth approximately $58,000. Blue Trust Inc. boosted its stake in shares of FinVolution Group by 246.8% in the 3rd quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after buying an additional 11,211 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of FinVolution Group by 17.2% in the second quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock valued at $125,000 after acquiring an additional 3,832 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of FinVolution Group during the second quarter valued at approximately $139,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.
FinVolution Group Stock Performance
Shares of FinVolution Group stock opened at $6.88 on Friday. The business’s fifty day simple moving average is $6.27 and its 200 day simple moving average is $5.51. FinVolution Group has a 12 month low of $4.40 and a 12 month high of $7.24. The firm has a market capitalization of $1.83 billion, a P/E ratio of 5.93 and a beta of 0.48.
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.
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