11,000 Shares in Noah Holdings Limited (NYSE:NOAH) Acquired by JBF Capital Inc.

JBF Capital Inc. acquired a new position in shares of Noah Holdings Limited (NYSE:NOAH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,000 shares of the asset manager’s stock, valued at approximately $106,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOAH. Headlands Technologies LLC bought a new position in Noah during the 1st quarter valued at about $30,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Noah during the first quarter worth approximately $40,000. Quadrant Capital Group LLC raised its stake in shares of Noah by 92.2% in the fourth quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock valued at $176,000 after acquiring an additional 6,120 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Noah by 91.1% in the 4th quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager’s stock worth $273,000 after acquiring an additional 9,429 shares in the last quarter. Finally, Dodge & Cox grew its position in Noah by 15.0% during the 4th quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock worth $371,000 after acquiring an additional 3,500 shares during the last quarter. 42.67% of the stock is owned by institutional investors.

Noah Price Performance

Shares of Noah stock opened at $8.68 on Friday. The firm has a 50 day simple moving average of $7.91 and a 200 day simple moving average of $10.42. Noah Holdings Limited has a fifty-two week low of $7.14 and a fifty-two week high of $15.44. The firm has a market cap of $574.10 million, a P/E ratio of 4.85 and a beta of 0.76.

Noah (NYSE:NOAH) last released its earnings results on Wednesday, August 28th. The asset manager reported $0.21 earnings per share for the quarter. The company had revenue of $84.74 million during the quarter. Noah had a return on equity of 7.15% and a net margin of 26.81%. On average, sell-side analysts expect that Noah Holdings Limited will post 1.37 EPS for the current year.

Noah declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 28th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 10.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Noah Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 3rd were paid a $2.1249 dividend. This represents a dividend yield of 10.4%. The ex-dividend date was Wednesday, July 3rd. Noah’s dividend payout ratio (DPR) is presently 58.10%.

Wall Street Analyst Weigh In

NOAH has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Noah from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Thursday, May 30th. StockNews.com downgraded shares of Noah from a “buy” rating to a “hold” rating in a research report on Friday, May 31st.

Noah Company Profile

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.