Sanctuary Advisors LLC Buys Shares of 143,745 FinVolution Group (NYSE:FINV)

Sanctuary Advisors LLC bought a new stake in FinVolution Group (NYSE:FINV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 143,745 shares of the company’s stock, valued at approximately $976,000. Sanctuary Advisors LLC owned about 0.05% of FinVolution Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in FinVolution Group by 8.3% in the third quarter. State Street Corp now owns 3,496,614 shares of the company’s stock valued at $21,609,000 after buying an additional 268,843 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in FinVolution Group by 51.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock valued at $3,064,000 after buying an additional 169,344 shares during the last quarter. Walleye Capital LLC lifted its stake in FinVolution Group by 134.4% in the third quarter. Walleye Capital LLC now owns 476,294 shares of the company’s stock valued at $2,943,000 after buying an additional 273,055 shares during the last quarter. DGS Capital Management LLC lifted its stake in FinVolution Group by 23.3% in the third quarter. DGS Capital Management LLC now owns 444,853 shares of the company’s stock valued at $2,749,000 after buying an additional 84,077 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in FinVolution Group in the third quarter valued at $1,224,000. 31.15% of the stock is currently owned by institutional investors.

FinVolution Group Stock Up 5.0 %

Shares of NYSE FINV opened at $8.62 on Thursday. FinVolution Group has a fifty-two week low of $4.45 and a fifty-two week high of $8.78. The firm’s 50-day simple moving average is $7.47 and its 200 day simple moving average is $6.53. The stock has a market cap of $2.29 billion, a P/E ratio of 7.43 and a beta of 0.49.

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.