Dimensional Fund Advisors LP Raises Stock Position in Qudian Inc. (NYSE:QD)

Dimensional Fund Advisors LP grew its position in Qudian Inc. (NYSE:QD) by 31.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,435,477 shares of the company’s stock after purchasing an additional 343,294 shares during the quarter. Dimensional Fund Advisors LP owned about 0.72% of Qudian worth $2,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QD. Ballentine Partners LLC purchased a new stake in shares of Qudian during the first quarter worth about $29,000. Kathmere Capital Management LLC purchased a new position in shares of Qudian in the first quarter worth $30,000. Caprock Group LLC acquired a new stake in shares of Qudian during the second quarter worth $65,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Qudian by 8.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock valued at $504,000 after buying an additional 16,342 shares during the last quarter. Finally, Caxton Associates LP increased its position in shares of Qudian by 41.4% in the 1st quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock valued at $616,000 after acquiring an additional 72,146 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Qudian Stock Performance

Shares of QD opened at $2.10 on Friday. The stock has a 50-day moving average of $1.88 and a two-hundred day moving average of $1.99. The stock has a market cap of $421.26 million, a P/E ratio of -7.00 and a beta of 0.62. Qudian Inc. has a one year low of $1.52 and a one year high of $2.60.

Qudian (NYSE:QD) last issued its earnings results on Friday, September 6th. The company reported $0.07 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 for the quarter.

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.