Noah Holdings Limited (NYSE:NOAH) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its holdings in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 51.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,541 shares of the asset manager's stock after selling 68,643 shares during the period. Marshall Wace LLP owned about 0.10% of Noah worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox increased its stake in Noah by 15.0% during the 4th quarter. Dodge & Cox now owns 26,840 shares of the asset manager's stock worth $371,000 after buying an additional 3,500 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Noah by 91.1% in the fourth quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager's stock valued at $273,000 after purchasing an additional 9,429 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Noah in the first quarter valued at approximately $30,000. Public Employees Retirement Association of Colorado purchased a new position in Noah during the first quarter worth approximately $40,000. Finally, SG Americas Securities LLC acquired a new position in Noah during the second quarter worth $510,000. Institutional investors and hedge funds own 42.67% of the company's stock.

Noah Stock Down 0.7 %

Shares of NOAH traded down $0.09 during midday trading on Thursday, reaching $13.27. The company had a trading volume of 177,761 shares, compared to its average volume of 207,423. The firm has a 50 day simple moving average of $9.14 and a 200-day simple moving average of $10.47. The stock has a market cap of $877.64 million, a PE ratio of 7.41 and a beta of 0.78. Noah Holdings Limited has a 1-year low of $7.14 and a 1-year high of $15.44.

Noah (NYSE:NOAH - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The asset manager reported $0.21 earnings per share (EPS) for the quarter. Noah had a net margin of 26.81% and a return on equity of 7.15%. The firm had revenue of $84.74 million during the quarter. As a group, sell-side analysts anticipate that Noah Holdings Limited will post 1.37 earnings per share for the current fiscal year.

Noah declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 28th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the asset manager to repurchase up to 10.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Noah Profile

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.