GSA Capital Partners LLP Purchases New Position in FinVolution Group (NYSE:FINV)

GSA Capital Partners LLP purchased a new stake in FinVolution Group (NYSE:FINV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,210 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds have also bought and sold shares of the company. SYM FINANCIAL Corp purchased a new stake in FinVolution Group in the 2nd quarter worth $54,000. SVB Wealth LLC acquired a new stake in shares of FinVolution Group in the first quarter valued at about $80,000. Blue Trust Inc. increased its stake in shares of FinVolution Group by 246.8% during the third quarter. Blue Trust Inc. now owns 15,754 shares of the company’s stock worth $97,000 after purchasing an additional 11,211 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of FinVolution Group by 17.2% during the 2nd quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock worth $125,000 after purchasing an additional 3,832 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in FinVolution Group in the 2nd quarter valued at about $139,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Performance

Shares of FINV stock opened at $6.18 on Friday. FinVolution Group has a fifty-two week low of $4.34 and a fifty-two week high of $7.24. The stock’s fifty day moving average is $6.06 and its two-hundred day moving average is $5.42. The firm has a market capitalization of $1.64 billion, a P/E ratio of 5.33 and a beta of 0.45.

FinVolution Group Company 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.