Dimensional Fund Advisors LP Acquires 85,771 Shares of Noah Holdings Limited (NYSE:NOAH)

Dimensional Fund Advisors LP increased its position in shares of Noah Holdings Limited (NYSE:NOAH - Free Report) by 50.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,606 shares of the asset manager's stock after purchasing an additional 85,771 shares during the period. Dimensional Fund Advisors LP owned approximately 0.39% of Noah worth $2,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Noah in the 1st quarter valued at $30,000. Public Employees Retirement Association of Colorado bought a new stake in Noah during the 1st quarter worth $40,000. JBF Capital Inc. bought a new stake in Noah during the 2nd quarter worth $106,000. Quadrature Capital Ltd grew its position in Noah by 91.1% during the 4th quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager's stock worth $273,000 after acquiring an additional 9,429 shares during the last quarter. Finally, Dodge & Cox grew its position 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 acquiring an additional 3,500 shares during the last quarter. 42.67% of the stock is owned by institutional investors and hedge funds.

Noah Stock Up 2.9 %

Shares of NYSE NOAH traded up $0.38 during trading on Friday, reaching $13.65. The company had a trading volume of 211,377 shares, compared to its average volume of 207,443. The company's fifty day moving average price is $9.37 and its 200-day moving average price is $10.51. Noah Holdings Limited has a 12 month low of $7.14 and a 12 month high of $15.44. The stock has a market cap of $902.77 million, a P/E ratio of 7.63 and a beta of 0.78.

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

Noah declared that its board has authorized a share repurchase program on Wednesday, August 28th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the asset manager to repurchase up to 10.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

About Noah

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.