PPDAI Group Inc – (NYSE:PPDF) to Issue Special Dividend of $0.03

PPDAI Group Inc – (NYSE:PPDF) announced a special dividend on Thursday, March 14th, Wall Street Journal reports. Investors of record on Friday, April 5th will be paid a dividend of 0.0283 per share on Friday, April 26th. The ex-dividend date of this dividend is Thursday, April 4th.

Shares of NYSE PPDF traded down $0.13 during midday trading on Friday, hitting $5.38. The company had a trading volume of 819,165 shares, compared to its average volume of 1,548,543. PPDAI Group has a twelve month low of $2.85 and a twelve month high of $8.45. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 4.80 and a beta of 1.56.

PPDAI Group (NYSE:PPDF) last posted its earnings results on Thursday, March 14th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. PPDAI Group had a net margin of 57.23% and a return on equity of 48.37%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted ($5.82) EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. Research analysts forecast that PPDAI Group will post 0.97 earnings per share for the current fiscal year.

Several research firms have weighed in on PPDF. ValuEngine downgraded shares of PPDAI Group from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Zacks Investment Research downgraded shares of PPDAI Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

A hedge fund recently bought a new stake in PPDAI Group stock. Geode Capital Management LLC purchased a new position in shares of PPDAI Group Inc – (NYSE:PPDF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 84,532 shares of the company’s stock, valued at approximately $304,000. Hedge funds and other institutional investors own 9.70% of the company’s stock.

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About PPDAI Group

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard and other loan products; and investment services to investors.

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