CenterBook Partners LP Has $1.81 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

CenterBook Partners LP boosted its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,183 shares of the company's stock after purchasing an additional 8,734 shares during the period. CenterBook Partners LP's holdings in Qifu Technology were worth $1,811,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wrapmanager Inc. grew its stake in shares of Qifu Technology by 4.1% during the 4th quarter. Wrapmanager Inc. now owns 7,554 shares of the company's stock worth $290,000 after acquiring an additional 296 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Qifu Technology by 80.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after purchasing an additional 518 shares during the last quarter. DGS Capital Management LLC grew its position in Qifu Technology by 5.9% in the fourth quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock valued at $438,000 after purchasing an additional 631 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Qifu Technology in the 4th quarter valued at $29,000. Finally, Lester Murray Antman dba SimplyRich increased its stake in Qifu Technology by 5.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 14,288 shares of the company's stock valued at $548,000 after buying an additional 768 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

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Qifu Technology Trading Up 0.4 %

Shares of Qifu Technology stock traded up $0.14 on Tuesday, reaching $38.77. 2,264,129 shares of the company were exchanged, compared to its average volume of 1,519,521. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.32 and a beta of 0.53. Qifu Technology, Inc. has a one year low of $17.76 and a one year high of $48.94. The company has a 50-day moving average of $42.02 and a 200 day moving average of $37.96.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.14. The firm had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. Analysts predict that Qifu Technology, Inc. will post 5.71 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 2.5%. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. Qifu Technology's dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised their price objective on Qifu Technology from $50.66 to $52.70 and gave the company a "buy" rating in a report on Wednesday, March 26th.

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.