Ashton Thomas Private Wealth LLC Takes Position in Qifu Technology, Inc. (NASDAQ:QFIN)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,551 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Qifu Technology by 1,789.1% during the second quarter. Acadian Asset Management LLC now owns 1,240,489 shares of the company’s stock valued at $24,450,000 after purchasing an additional 1,174,824 shares during the period. National Bank of Canada FI bought a new stake in shares of Qifu Technology in the second quarter worth $3,503,000. Signaturefd LLC increased its stake in shares of Qifu Technology by 67.3% in the second quarter. Signaturefd LLC now owns 7,283 shares of the company’s stock worth $144,000 after buying an additional 2,931 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Qifu Technology by 1.9% in the second quarter. Principal Financial Group Inc. now owns 1,105,606 shares of the company’s stock worth $21,814,000 after buying an additional 20,692 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in shares of Qifu Technology in the second quarter worth $8,639,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 0.6 %

Shares of NASDAQ:QFIN opened at $24.92 on Tuesday. The company has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $20.26. The firm has a market cap of $4.02 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61. Qifu Technology, Inc. has a 12-month low of $13.68 and a 12-month high of $26.50.

Qifu Technology (NASDAQ:QFIN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.23. The business had revenue of $572.44 million during the quarter, compared to analyst estimates of $582.69 million. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. As a group, equities research analysts forecast that Qifu Technology, Inc. will post 4.94 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be paid a $0.60 dividend. This represents a dividend yield of 4.7%. The ex-dividend date is Friday, September 27th. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s payout ratio is 29.53%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.