Claro Advisors LLC Takes $1.26 Million Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Claro Advisors LLC bought a new position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,390 shares of the company's stock, valued at approximately $1,264,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Qifu Technology in the 2nd quarter valued at about $31,000. Blue Trust Inc. grew its holdings in Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company's stock worth $32,000 after purchasing an additional 1,484 shares during the period. USA Financial Formulas acquired a new position in Qifu Technology during the third quarter worth approximately $41,000. Janiczek Wealth Management LLC increased its position in Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company's stock worth $44,000 after buying an additional 1,355 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company's stock valued at $144,000 after buying an additional 2,931 shares during the period. Institutional investors own 74.81% of the company's stock.

Qifu Technology Stock Up 4.2 %

Shares of NASDAQ QFIN traded up $1.34 during midday trading on Friday, hitting $33.37. 1,556,324 shares of the company's stock were exchanged, compared to its average volume of 1,298,639. The firm has a market capitalization of $5.39 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.45 and a beta of 0.62. Qifu Technology, Inc. has a 12 month low of $13.68 and a 12 month high of $34.92. The company's 50 day moving average price is $27.31 and its 200 day moving average price is $22.33.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The business had revenue of $572.44 million for the quarter, compared to analyst estimates of $582.69 million. On average, equities research analysts anticipate that Qifu Technology, Inc. will post 5.08 EPS for the current year.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This is a boost from Qifu Technology's previous semi-annual dividend of $0.57. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 4.7%. Qifu Technology's dividend payout ratio (DPR) is presently 28.37%.

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.