Caprock Group LLC Decreases Holdings in Qudian Inc. (NYSE:QD)

Caprock Group LLC cut its stake in Qudian Inc. (NYSE:QD) by 46.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,627 shares of the company’s stock after selling 15,089 shares during the quarter. Caprock Group LLC’s holdings in Qudian were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QD. Jane Street Group LLC grew its holdings in Qudian by 5,018.4% during the 1st quarter. Jane Street Group LLC now owns 3,030,452 shares of the company’s stock valued at $7,576,000 after purchasing an additional 2,971,245 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Qudian in the 2nd quarter valued at about $1,918,000. Dimensional Fund Advisors LP grew its stake in shares of Qudian by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,477 shares of the company’s stock valued at $2,838,000 after acquiring an additional 343,294 shares in the last quarter. Caxton Associates LP increased its position in shares of Qudian by 41.4% during the first quarter. Caxton Associates LP now owns 246,522 shares of the company’s stock worth $616,000 after acquiring an additional 72,146 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Qudian by 8.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 201,538 shares of the company’s stock worth $504,000 after acquiring an additional 16,342 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Qudian Stock Down 2.1 %

Shares of NYSE QD opened at $2.29 on Tuesday. Qudian Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $2.60. The business has a 50 day moving average price of $2.21 and a two-hundred day moving average price of $1.96. The firm has a market cap of $459.37 million, a PE ratio of 57.25 and a beta of 0.60.

Qudian (NYSE:QD) last released its quarterly earnings results on Friday, September 6th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $7.34 million during the quarter. Qudian had a net margin of 18.32% and a return on equity of 0.36%.

About Qudian

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.