Retireful LLC Takes $261,000 Position in FinVolution Group (NYSE:FINV)

Retireful LLC bought a new stake in FinVolution Group (NYSE:FINV) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 38,486 shares of the company’s stock, valued at approximately $261,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in FinVolution Group in the 3rd quarter valued at approximately $58,000. Quadrature Capital Ltd bought a new stake in shares of FinVolution Group during the third quarter valued at approximately $94,000. Blue Trust Inc. raised its stake in shares of FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock valued at $97,000 after purchasing an additional 11,211 shares in the last quarter. Ascent Group LLC bought a new position in FinVolution Group in the third quarter worth $103,000. Finally, Dark Forest Capital Management LP bought a new position in FinVolution Group in the second quarter worth $139,000. 31.15% of the stock is owned by institutional investors and hedge funds.

FinVolution Group Price Performance

Shares of FinVolution Group stock opened at $6.99 on Friday. FinVolution Group has a 52-week low of $4.45 and a 52-week high of $7.29. The firm has a market capitalization of $1.85 billion, a PE ratio of 6.02 and a beta of 0.50. The company’s fifty day moving average price is $6.63 and its two-hundred day moving average price is $5.94.

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.