Connor Clark & Lunn Investment Management Ltd. Has $24.45 Million Stock Position in Qifu Technology, Inc. (NASDAQ:QFIN)

by · The Cerbat Gem

Connor Clark & Lunn Investment Management Ltd. increased its position in Qifu Technology, Inc. (NASDAQ:QFIN – Free Report) by 148.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820,343 shares of the company’s stock after purchasing an additional 489,865 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.51% of Qifu Technology worth $24,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Qifu Technology in the third quarter valued at approximately $41,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Qifu Technology in the 2nd quarter valued at $31,000. Blue Trust Inc. boosted its position in shares of Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after purchasing an additional 1,484 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Qifu Technology during the third quarter worth about $54,000. Finally, US Bancorp DE boosted its stake in Qifu Technology by 16.5% during the 3rd quarter. US Bancorp DE now owns 5,410 shares of the company’s stock worth $161,000 after acquiring an additional 765 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.

Qifu Technology Trading Up 8.9 %

NASDAQ:QFIN opened at $35.25 on Thursday. The stock has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $24.50. Qifu Technology, Inc. has a 1 year low of $13.71 and a 1 year high of $35.44. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.44 and a beta of 0.61.

Qifu Technology Company Profile

(Free Report)

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.

Recommended Stories