Qifu Technology (NASDAQ:QFIN) Sets New 52-Week High at $25.39

Qifu Technology, Inc. (NASDAQ:QFIN)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $25.39 and last traded at $25.36, with a volume of 1195817 shares traded. The stock had previously closed at $25.02.

Qifu Technology Stock Performance

The stock’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $19.32. The stock has a market capitalization of $4.13 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.45 and a beta of 0.61.

Qifu Technology Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be given a dividend of $0.60 per share. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 27th. Qifu Technology’s dividend payout ratio (DPR) is currently 30.57%.

Institutional Trading of Qifu Technology

Institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Qifu Technology by 88.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock worth $1,880,000 after acquiring an additional 47,800 shares in the last quarter. AI Squared Management Ltd bought a new stake in Qifu Technology in the 4th quarter valued at about $3,373,000. Russell Investments Group Ltd. raised its stake in Qifu Technology by 119.3% during the 4th quarter. Russell Investments Group Ltd. now owns 76,873 shares of the company’s stock worth $1,210,000 after buying an additional 41,814 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Qifu Technology in the fourth quarter worth approximately $794,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Qifu Technology by 20.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,901,674 shares of the company’s stock worth $30,082,000 after acquiring an additional 324,618 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.