EAM Global Investors LLC Invests $2.61 Million in FinVolution Group (NYSE:FINV)

EAM Global Investors LLC bought a new position in FinVolution Group (NYSE:FINV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 384,828 shares of the company's stock, valued at approximately $2,613,000. EAM Global Investors LLC owned about 0.15% of FinVolution Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in FINV. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FinVolution Group in the 4th quarter worth approximately $28,000. Aigen Investment Management LP acquired a new stake in shares of FinVolution Group in the 4th quarter worth approximately $75,000. SYM FINANCIAL Corp increased its position in shares of FinVolution Group by 14.4% during the 4th quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock valued at $92,000 after purchasing an additional 1,706 shares during the period. SVB Wealth LLC bought a new position in shares of FinVolution Group during the 4th quarter valued at about $96,000. Finally, Raymond James Financial Inc. acquired a new position in shares of FinVolution Group in the 4th quarter valued at $118,000. 31.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FINV has been the topic of several research analyst reports. UBS Group reaffirmed a "neutral" rating and set a $11.80 target price (up previously from $7.80) on shares of FinVolution Group in a research note on Thursday, March 20th. Citigroup upgraded shares of FinVolution Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $6.00 to $11.00 in a research note on Tuesday, March 18th.

FinVolution Group Stock Performance

FINV traded down $0.04 during midday trading on Monday, hitting $7.12. The company had a trading volume of 372,016 shares, compared to its average volume of 795,067. The firm's 50-day simple moving average is $8.67 and its 200-day simple moving average is $7.40. FinVolution Group has a twelve month low of $4.63 and a twelve month high of $11.08. The company has a market capitalization of $1.89 billion, a PE ratio of 6.14 and a beta of 0.32.

FinVolution Group (NYSE:FINV - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported $0.38 earnings per share for the quarter. FinVolution Group had a net margin of 17.36% and a return on equity of 16.66%. The business had revenue of $473.57 million for the quarter.

FinVolution Group declared that its board has approved a stock buyback plan on Monday, March 17th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

FinVolution Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.277 per share. This is a positive change from FinVolution Group's previous annual dividend of $0.24. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 2%. FinVolution Group's payout ratio is 16.80%.

About FinVolution Group

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.