Sanctuary Advisors LLC Acquires Shares of 143,745 FinVolution Group (NYSE:FINV)

Sanctuary Advisors LLC purchased a new position in shares of FinVolution Group (NYSE:FINV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 143,745 shares of the company's stock, valued at approximately $976,000. Sanctuary Advisors LLC owned 0.05% of FinVolution Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FinVolution Group in the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of FinVolution Group in the 3rd quarter valued at $58,000. SYM FINANCIAL Corp raised its stake in FinVolution Group by 14.4% during the 4th quarter. SYM FINANCIAL Corp now owns 13,543 shares of the company's stock worth $92,000 after acquiring an additional 1,706 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in FinVolution Group in the third quarter valued at $94,000. Finally, Blue Trust Inc. boosted its stake in FinVolution Group by 246.8% in the third quarter. Blue Trust Inc. now owns 15,754 shares of the company's stock valued at $97,000 after acquiring an additional 11,211 shares in the last quarter. Hedge funds and other institutional investors own 31.15% of the company's stock.

FinVolution Group Stock Performance

Shares of FINV stock traded down $0.22 during mid-day trading on Friday, hitting $8.22. 969,226 shares of the stock were exchanged, compared to its average volume of 884,680. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.08 and a beta of 0.49. FinVolution Group has a 12-month low of $4.45 and a 12-month high of $8.78. The stock's fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $6.57.

FinVolution Group Profile

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.