Public Employees Retirement System of Ohio Buys New Shares in Qudian Inc. (NYSE:QD)

Public Employees Retirement System of Ohio bought a new position in shares of Qudian Inc. (NYSE:QD - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 397,026 shares of the company's stock, valued at approximately $846,000. Public Employees Retirement System of Ohio owned approximately 0.20% of Qudian as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of Qudian in the third quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its position in Qudian by 248.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,601 shares of the company's stock valued at $61,000 after acquiring an additional 20,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Qudian in the 3rd quarter worth $32,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Qudian during the 2nd quarter worth about $1,918,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Qudian by 31.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company's stock valued at $2,838,000 after purchasing an additional 343,294 shares during the period. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Qudian Trading Up 14.2 %

Shares of Qudian stock traded up $0.36 during trading on Friday, reaching $2.89. The stock had a trading volume of 929,242 shares, compared to its average volume of 703,195. The company has a market capitalization of $579.74 million, a price-to-earnings ratio of 72.25 and a beta of 0.73. Qudian Inc. has a 52 week low of $1.52 and a 52 week high of $3.20. The stock has a fifty day moving average price of $2.53 and a two-hundred day moving average price of $2.09.

Qudian 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.