Wexford Capital LP lessened its position in FinVolution Group (NYSE:FINV - Free Report) by 18.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 514,293 shares of the company's stock after selling 117,981 shares during the period. Wexford Capital LP owned approximately 0.19% of FinVolution Group worth $3,178,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of FinVolution Group in the 2nd quarter worth approximately $472,000. Commonwealth Equity Services LLC acquired a new position in FinVolution Group in the second quarter worth approximately $270,000. Acadian Asset Management LLC increased its holdings in shares of FinVolution Group by 12.5% in the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company's stock valued at $13,634,000 after buying an additional 317,682 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of FinVolution Group during the 2nd quarter valued at $479,000. Finally, American Century Companies Inc. boosted its stake in shares of FinVolution Group by 5.9% during the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company's stock worth $3,337,000 after acquiring an additional 39,252 shares in the last quarter. Institutional investors own 31.15% of the company's stock.
FinVolution Group Trading Up 1.6 %
Shares of NYSE FINV traded up $0.11 during mid-day trading on Friday, reaching $6.99. The company had a trading volume of 425,758 shares, compared to its average volume of 688,491. The company has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $5.53. The stock has a market cap of $1.85 billion, a PE ratio of 6.03 and a beta of 0.48. FinVolution Group has a 1-year low of $4.40 and a 1-year high of $7.24.
FinVolution Group Company Profile
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Free Report)
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.
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