Jupai (NYSE:JP) announced its quarterly earnings results on Monday. The asset manager reported ($0.26) earnings per share for the quarter, Morningstar.com reports. Jupai had a negative net margin of 44.10% and a negative return on equity of 8.48%. The company had revenue of $27.08 million during the quarter.
Shares of JP opened at $1.77 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 2.06. Jupai has a 1-year low of $1.69 and a 1-year high of $16.58. The company has a fifty day moving average of $2.20.
A hedge fund recently bought a new stake in Jupai stock. Advisory Services Network LLC acquired a new stake in Jupai Holdings Ltd (NYSE:JP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,272 shares of the asset manager’s stock, valued at approximately $75,000. Advisory Services Network LLC owned 0.10% of Jupai as of its most recent filing with the Securities and Exchange Commission (SEC). 11.97% of the stock is owned by institutional investors and hedge funds.
Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It also provides asset management services, including management of real estate or related funds and other fund products. The company offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.
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