NumerixS Investment Technologies Inc Makes New $235,000 Investment in Qudian Inc – (NYSE:QD)

NumerixS Investment Technologies Inc bought a new position in Qudian Inc – (NYSE:QD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 31,347 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of QD. Prescott Group Capital Management L.L.C. acquired a new position in Qudian in the 1st quarter worth about $51,000. Financial Gravity Wealth Inc. grew its position in shares of Qudian by 47.3% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 7,922 shares of the company’s stock valued at $59,000 after buying an additional 2,544 shares during the last quarter. Banco Santander S.A. bought a new stake in shares of Qudian in the 1st quarter valued at about $68,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Qudian in the 2nd quarter valued at about $71,000. Finally, Mizuho Securities USA LLC bought a new stake in shares of Qudian in the 2nd quarter valued at about $75,000. 32.03% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE QD traded up $0.06 during trading on Thursday, reaching $7.26. The company had a trading volume of 1,927,696 shares, compared to its average volume of 5,688,129. The company’s fifty day moving average price is $8.17 and its 200-day moving average price is $7.20. Qudian Inc – has a 12 month low of $4.00 and a 12 month high of $9.20. The stock has a market cap of $2.41 billion, a P/E ratio of 6.42 and a beta of 1.70. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 0.05.

Qudian (NYSE:QD) last announced its earnings results on Friday, August 16th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Qudian had a return on equity of 31.21% and a net margin of 44.04%. The company had revenue of $323.48 million for the quarter. As a group, equities analysts predict that Qudian Inc – will post 2.29 earnings per share for the current year.

A number of research firms have commented on QD. ValuEngine lowered Qudian from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Qudian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.33.

Qudian Profile

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.

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Institutional Ownership by Quarter for Qudian (NYSE:QD)

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