Qifu Technology, Inc. (NASDAQ:QFIN) Stake Decreased by EAM Global Investors LLC

EAM Global Investors LLC lessened its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285,552 shares of the company's stock after selling 35,131 shares during the quarter. Qifu Technology makes up about 2.0% of EAM Global Investors LLC's portfolio, making the stock its biggest holding. EAM Global Investors LLC owned approximately 0.18% of Qifu Technology worth $10,959,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QFIN. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Qifu Technology in the fourth quarter valued at about $4,396,000. Causeway Capital Management LLC lifted its stake in Qifu Technology by 0.3% during the 4th quarter. Causeway Capital Management LLC now owns 1,377,475 shares of the company's stock worth $52,867,000 after acquiring an additional 4,137 shares in the last quarter. Mariner LLC boosted its stake in shares of Qifu Technology by 58.1% in the fourth quarter. Mariner LLC now owns 32,128 shares of the company's stock valued at $1,233,000 after purchasing an additional 11,813 shares during the period. Barclays PLC grew its stake in shares of Qifu Technology by 36.2% in the fourth quarter. Barclays PLC now owns 145,326 shares of the company's stock worth $5,577,000 after acquiring an additional 38,593 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in Qifu Technology by 8.6% during the 4th quarter. Townsquare Capital LLC now owns 25,098 shares of the company's stock worth $963,000 after purchasing an additional 1,994 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company's stock.

Qifu Technology Stock Performance

NASDAQ QFIN traded down $0.92 during trading hours on Friday, hitting $35.62. The company had a trading volume of 1,392,952 shares, compared to its average volume of 1,539,631. Qifu Technology, Inc. has a 1-year low of $17.95 and a 1-year high of $48.94. The company has a market cap of $5.61 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53. The business has a 50 day moving average of $41.55 and a 200-day moving average of $38.07.

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

Qifu Technology Increases Dividend

The business 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 is Wednesday, April 23rd. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. This represents a dividend yield of 2.5%. Qifu Technology's dividend payout ratio (DPR) is currently 23.79%.

Wall Street Analysts Forecast Growth

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

Qifu Technology 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.