Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Qudian Inc. (NYSE:QD)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Qudian Inc. (NYSE:QD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 968,700 shares of the company's stock, valued at approximately $1,918,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.48% of Qudian as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Ballentine Partners LLC bought a new position in shares of Qudian in the first quarter worth $29,000. Kathmere Capital Management LLC bought a new stake in shares of Qudian during the 1st quarter worth about $30,000. Caprock Group LLC acquired a new stake in shares of Qudian in the 2nd quarter worth approximately $65,000. O Shaughnessy Asset Management LLC increased its stake in shares of Qudian by 8.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company's stock valued at $504,000 after acquiring an additional 16,342 shares during the period. Finally, Caxton Associates LP lifted its holdings in shares of Qudian by 41.4% during the first quarter. Caxton Associates LP now owns 246,522 shares of the company's stock valued at $616,000 after purchasing an additional 72,146 shares during the last quarter. Institutional investors own 8.10% of the company's stock.

Qudian Stock Down 2.2 %

Shares of QD stock traded down $0.05 during trading hours on Monday, reaching $2.24. 1,131,359 shares of the stock traded hands, compared to its average volume of 726,903. The firm has a market capitalization of $449.34 million, a PE ratio of -7.47 and a beta of 0.62. Qudian Inc. has a 1-year low of $1.52 and a 1-year high of $2.60. The business has a fifty day moving average price of $1.87 and a 200 day moving average price of $1.99.

Qudian (NYSE:QD - Get Free Report) last posted its quarterly earnings results on Friday, September 6th. The company reported $0.07 earnings per share for the quarter. Qudian had a negative return on equity of 2.35% and a negative net margin of 134.42%. The firm had revenue of $7.34 million for the quarter.

Qudian Company Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.