FinVolution Group (NYSE:FINV) Trading Down 4.5% – Should You Sell?

FinVolution Group (NYSE:FINV) dropped 4.5% on Tuesday . The stock traded as low as $5.88 and last traded at $5.89. Approximately 148,713 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 724,440 shares. The stock had previously closed at $6.17.

FinVolution Group Stock Up 0.9 %

The company has a market capitalization of $1.55 billion, a P/E ratio of 5.36 and a beta of 0.45. The business has a 50 day simple moving average of $5.69 and a 200-day simple moving average of $5.21.

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

Hedge Funds Weigh In On FinVolution Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FINV. Russell Investments Group Ltd. boosted its position in 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 acquiring an additional 306,903 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in 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 purchasing an additional 250,967 shares during the period. Canada Pension Plan Investment Board bought a new position in FinVolution Group in the 2nd quarter valued at about $1,039,000. Caprock Group LLC acquired a new position in FinVolution Group during the 2nd quarter valued at about $479,000. Finally, SG Americas Securities LLC bought a new stake in shares of FinVolution Group during the 2nd quarter worth about $472,000. 31.15% of the stock is owned by institutional investors.

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.