FinVolution Group (NYSE:FINV) Shares Sold by Wexford Capital LP

Wexford Capital LP lowered its stake in FinVolution Group (NYSE:FINV) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 514,293 shares of the company’s stock after selling 117,981 shares during the quarter. Wexford Capital LP owned about 0.19% of FinVolution Group worth $3,178,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FINV. State Street Corp lifted its holdings in shares of FinVolution Group by 8.3% in the 3rd quarter. State Street Corp now owns 3,496,614 shares of the company’s stock worth $21,609,000 after acquiring an additional 268,843 shares during the last quarter. Acadian Asset Management LLC lifted its stake in FinVolution Group by 12.5% during the second quarter. Acadian Asset Management LLC now owns 2,861,280 shares of the company’s stock worth $13,634,000 after purchasing an additional 317,682 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FinVolution Group by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after buying an additional 315,366 shares during the period. American Century Companies Inc. boosted its position in shares of FinVolution Group by 5.9% during the second quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after buying an additional 39,252 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 31.15% of the company’s stock.

FinVolution Group Stock Performance

FINV opened at $6.88 on Friday. The stock’s 50-day moving average price is $6.27 and its 200 day moving average price is $5.51. FinVolution Group has a 12-month low of $4.40 and a 12-month high of $7.24. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 5.93 and a beta of 0.48.

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.