GSA Capital Partners LLP Lowers Position in Qifu Technology, Inc. (NASDAQ:QFIN)

GSA Capital Partners LLP lessened its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 28.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,695 shares of the company's stock after selling 23,509 shares during the quarter. GSA Capital Partners LLP's holdings in Qifu Technology were worth $1,780,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Qifu Technology in the 2nd quarter valued at approximately $31,000. Blue Trust Inc. increased its position in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock valued at $32,000 after acquiring an additional 1,484 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Qifu Technology in the third quarter valued at $41,000. Venturi Wealth Management LLC purchased a new position in shares of Qifu Technology during the 3rd quarter worth about $54,000. Finally, Signaturefd LLC grew its holdings in Qifu Technology by 67.3% during the 2nd quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after purchasing an additional 2,931 shares during 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 $0.33 during trading on Wednesday, hitting $30.36. The stock had a trading volume of 922,231 shares, compared to its average volume of 1,294,407. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 0.42 and a beta of 0.61. The stock has a 50 day simple moving average of $30.10 and a 200 day simple moving average of $23.99. Qifu Technology, Inc. has a one year low of $13.71 and a one year high of $35.23.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.99 by $0.23. The company had revenue of $572.44 million for the quarter, compared to the consensus estimate of $582.69 million. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. On average, sell-side analysts predict that Qifu Technology, Inc. will post 5.04 EPS for the current year.

About Qifu Technology

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.