Public Employees Retirement System of Ohio Takes $846,000 Position in Qudian Inc. (NYSE:QD)

Public Employees Retirement System of Ohio purchased a new position in shares of Qudian Inc. (NYSE:QD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 397,026 shares of the company’s stock, valued at approximately $846,000. Public Employees Retirement System of Ohio owned about 0.20% of Qudian at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Qudian by 31.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock worth $2,838,000 after acquiring an additional 343,294 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Qudian during the second quarter valued at approximately $1,918,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Qudian in the third quarter worth $32,000. Ballentine Partners LLC increased its position in Qudian by 91.4% during the 2nd quarter. Ballentine Partners LLC now owns 21,934 shares of the company’s stock valued at $43,000 after purchasing an additional 10,476 shares during the period. Finally, Caprock Group LLC bought a new stake in shares of Qudian during the 2nd quarter valued at about $65,000. Institutional investors own 8.10% of the company’s stock.

Qudian Stock Performance

Qudian stock opened at $2.53 on Friday. The stock has a market cap of $507.52 million, a price-to-earnings ratio of 63.25 and a beta of 0.73. The stock’s 50 day simple moving average is $2.53 and its two-hundred day simple moving average is $2.09. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20.

Qudian Company Profile

Qudian Inc operates as a consumer-oriented technology company in the People's Republic of China. The company engages in the operation of online platforms to provide small consumer credit products. It also provides technology development and services; research and development services; and delivery services.