Harbour Capital Advisors LLC Purchases Shares of 15,655 Qifu Technology, Inc. (NASDAQ:QFIN)

Harbour Capital Advisors LLC bought a new position in Qifu Technology, Inc. (NASDAQ:QFIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,655 shares of the company’s stock, valued at approximately $494,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Qifu Technology in the second quarter worth about $31,000. Blue Trust Inc. increased its stake in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after buying an additional 1,484 shares during the period. USA Financial Formulas bought a new position in shares of Qifu Technology during the third quarter valued at approximately $41,000. Janiczek Wealth Management LLC lifted its stake in Qifu Technology by 131.4% in the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock worth $44,000 after acquiring an additional 1,355 shares during the period. Finally, Signaturefd LLC boosted its holdings in Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock valued at $144,000 after acquiring an additional 2,931 shares in the last quarter. Institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 1.4 %

Shares of NASDAQ QFIN opened at $32.03 on Friday. The firm has a fifty day simple moving average of $27.05 and a two-hundred day simple moving average of $22.21. Qifu Technology, Inc. has a 12 month low of $13.68 and a 12 month high of $33.72. The firm has a market capitalization of $5.17 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.45 and a beta of 0.62.

Qifu Technology (NASDAQ:QFIN) last issued its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.23. The firm had revenue of $572.44 million for the quarter, compared to the consensus estimate of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. On average, sell-side analysts predict that Qifu Technology, Inc. will post 5.08 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a $0.60 dividend. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 4.7%. Qifu Technology’s dividend payout ratio (DPR) is presently 28.37%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.