Noah Holdings Limited (NYSE:NOAH – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $13.80. Noah shares last traded at $12.76, with a volume of 212,550 shares traded.
Noah Trading Up 6.5 %
The company has a market capitalization of $879.62 million, a P/E ratio of 7.54 and a beta of 0.76. The company’s 50 day moving average is $8.44 and its 200-day moving average is $10.34.
Noah (NYSE:NOAH – Get Free Report) last released its earnings results on Wednesday, August 28th. The asset manager reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $84.74 million during the quarter. Noah had a net margin of 26.81% and a return on equity of 7.15%. Analysts predict that Noah Holdings Limited will post 1.37 EPS for the current fiscal year.
Hedge Funds Weigh In On Noah
A number of hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in Noah during the 1st quarter valued at $30,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Noah during the 1st quarter worth $40,000. JBF Capital Inc. purchased a new stake in shares of Noah in the 2nd quarter worth $106,000. Quadrature Capital Ltd raised its holdings in Noah by 91.1% in the 4th quarter. Quadrature Capital Ltd now owns 19,779 shares of the asset manager’s stock worth $273,000 after purchasing an additional 9,429 shares during the period. Finally, Dodge & Cox lifted its position in Noah by 15.0% during the fourth quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock valued at $371,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 42.67% of the company’s stock.
About Noah
Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.
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