Dimensional Fund Advisors LP raised its stake in shares of Qudian Inc. (NYSE:QD - Free Report) by 31.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,435,477 shares of the company's stock after buying an additional 343,294 shares during the period. Dimensional Fund Advisors LP owned about 0.72% of Qudian worth $2,838,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Ballentine Partners LLC bought a new stake in shares of Qudian in the 1st quarter valued at approximately $29,000. Kathmere Capital Management LLC acquired a new stake in shares of Qudian in the 1st quarter valued at $30,000. SG Americas Securities LLC boosted its holdings in Qudian by 40.2% in the first quarter. SG Americas Securities LLC now owns 569,447 shares of the company's stock worth $1,424,000 after purchasing an additional 163,397 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Qudian by 8.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company's stock worth $504,000 after buying an additional 16,342 shares during the last quarter. Finally, Caxton Associates LP raised its holdings in 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 buying an additional 72,146 shares in the last quarter. 8.10% of the stock is currently owned by hedge funds and other institutional investors.
Qudian Price Performance
Shares of NYSE:QD traded up $0.02 on Friday, reaching $2.12. The company had a trading volume of 430,745 shares, compared to its average volume of 723,857. The stock has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.99. Qudian Inc. has a twelve month low of $1.52 and a twelve month high of $2.60.
Qudian (NYSE:QD - Get Free Report) last announced its earnings results on Friday, September 6th. The company reported $0.07 earnings per share (EPS) 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 during the quarter.
Qudian Profile
(
Free Report)
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.
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