Connor Clark & Lunn Investment Management Ltd. Purchases New Holdings in FinVolution Group (NYSE:FINV)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of FinVolution Group (NYSE:FINV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,201 shares of the company’s stock, valued at approximately $434,000.

Several other large investors have also recently bought and sold shares of the company. SYM FINANCIAL Corp acquired a new position in FinVolution Group during the 2nd quarter valued at about $54,000. Blue Trust Inc. raised 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 buying an additional 11,211 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in FinVolution Group by 17.2% in the second quarter. D Orazio & Associates Inc. now owns 26,150 shares of the company’s stock valued at $125,000 after buying an additional 3,832 shares during the period. Dark Forest Capital Management LP acquired a new position in FinVolution Group in the second quarter valued at approximately $139,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in FinVolution Group by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,891 shares of the company’s stock valued at $188,000 after acquiring an additional 11,177 shares during the last quarter. Institutional investors and hedge funds own 31.15% of the company’s stock.

FinVolution Group Stock Performance

Shares of FinVolution Group stock opened at $6.98 on Friday. The firm has a fifty day moving average of $6.18 and a two-hundred day moving average of $5.46. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 6.02 and a beta of 0.45. FinVolution Group has a 52 week low of $4.35 and a 52 week high of $7.24.

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.