Y Intercept Hong Kong Ltd Invests $131,000 in FinVolution Group (NYSE:FINV)

Y Intercept Hong Kong Ltd purchased a new stake in shares of FinVolution Group (NYSE:FINV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,231 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors have also recently bought and sold shares of FINV. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FinVolution Group during the fourth quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in FinVolution Group during the 3rd quarter worth about $58,000. SYM FINANCIAL Corp grew its holdings 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 during the last quarter. Quadrature Capital Ltd acquired a new stake in FinVolution Group in the 3rd quarter valued at about $94,000. Finally, Ascent Group LLC bought a new position in shares of FinVolution Group in the third quarter worth about $103,000. Institutional investors own 31.15% of the company’s stock.

FinVolution Group Trading Up 4.9 %

Shares of FINV stock opened at $8.44 on Thursday. FinVolution Group has a 1 year low of $4.45 and a 1 year high of $8.78. The firm’s 50 day moving average is $7.60 and its 200-day moving average is $6.62. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 7.27 and a beta of 0.47.

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.