According to Zacks, “CNFinance Holdings Limited provides home equity lending services primarily in China. It facilitates lending by connecting micro and small business owners with its financing partners. and Tier 2 cities. CNFinance Holdings Limited is based in China.
Shares of NYSE:CNF rose $0.02 during Friday trading, hitting $2.50. The company’s shares had a trading volume of 16,092 shares, compared to an average volume of 59,802. The company has a debt ratio of 2.12, a quick ratio of 446.85 and a current ratio of 477, 14. CNFinance has a fifty-two week low of $2.11 and a fifty-two week high of $6.34. The stock’s 50-day moving average price is $2.96 and its two-hundred-day moving average price is $3.62. The company has a market capitalization of $171.46 million, a PE ratio of 19.23 and a beta of 0.31.
CNFinance (NYSE: CNF – Get a rating) last reported quarterly earnings data on Friday, March 18. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.09). The company posted revenue of $31.82 million in the quarter, versus a consensus estimate of $39.49 million. CNFinance posted a net margin of 4.37% and a return on equity of 1.61%. On average, stock analysts predict CNFinance will post 0.28 earnings per share for the current fiscal year.
A number of institutional investors have recently changed their positions in the stock. JBF Capital inc. increased its stake in CNFinance to 92.0% in the first quarter. JBF Capital Inc. now owns 41,620 shares of the company valued at $134,000 after purchasing an additional 19,942 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in CNFinance by 54.5% in the first quarter. Dimensional Fund Advisors LP now owns 61,256 shares of the company valued at $197,000 after purchasing an additional 21,598 shares in the last quarter. Gagnon Securities LLC increased its stake in CNFinance by 3.7% in the first quarter. Gagnon Securities LLC now owns 1,584,321 shares of the company valued at $5,102,000 after purchasing an additional 56,827 shares in the last quarter. Gagnon Advisors LLC increased its holding in CNFinance shares by 17.4% during the first quarter. Gagnon Advisors LLC now owns 784,002 shares of the company valued at $2,524,000 after purchasing an additional 116,177 shares in the last quarter. Finally, Cyrus J. Lawrence LLC bought a new position in CNFinance stock during the first quarter valued at around $43,000. 3.90% of the shares are held by hedge funds and other institutional investors.
About CNFinance (Get a rating)
CNFinance Holdings Limited, through its subsidiaries, provides home equity lending services in the People’s Republic of China. It offers microcredit services to micro and small business owners; and loan agency services for financial institutions. The company also offers bridge loan products, which are unsecured short-term loans to repay borrowers’ existing loans secured by real estate.
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