Susquehanna International Group LLP bought a new position in shares of Hexindai Inc – (NASDAQ:HX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,659 shares of the company’s stock, valued at approximately $75,000.
Several other hedge funds also recently made changes to their positions in HX. AJO LP lifted its position in shares of Hexindai by 32.9% during the first quarter. AJO LP now owns 635,964 shares of the company’s stock worth $2,124,000 after purchasing an additional 157,438 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hexindai by 15.8% during the second quarter. Renaissance Technologies LLC now owns 633,280 shares of the company’s stock worth $1,507,000 after purchasing an additional 86,580 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Hexindai by 88.2% during the second quarter. Mackenzie Financial Corp now owns 279,840 shares of the company’s stock worth $666,000 after purchasing an additional 131,174 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Hexindai by 35.4% during the second quarter. Citadel Advisors LLC now owns 268,138 shares of the company’s stock worth $638,000 after purchasing an additional 70,101 shares in the last quarter. Institutional investors own 3.52% of the company’s stock.
A number of brokerages have recently issued reports on HX. ValuEngine upgraded shares of Hexindai from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Hexindai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 21st.
Shares of NASDAQ HX opened at $1.47 on Tuesday. The company’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $2.42. Hexindai Inc – has a fifty-two week low of $1.40 and a fifty-two week high of $8.10. The firm has a market capitalization of $77.38 million, a P/E ratio of 14.70, a P/E/G ratio of 0.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.09 and a quick ratio of 5.09.
Hexindai (NASDAQ:HX) last announced its quarterly earnings data on Wednesday, September 18th. The company reported ($0.15) earnings per share for the quarter. Hexindai had a negative net margin of 214.46% and a negative return on equity of 25.57%. The business had revenue of $4.92 million during the quarter, compared to analyst estimates of $8.42 million. Sell-side analysts expect that Hexindai Inc – will post 0.94 EPS for the current fiscal year.
Hexindai Company Profile
Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.
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