RBF Capital LLC held its stake in Fanhua Inc. (NASDAQ:FANH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,813 shares of the financial services provider’s stock at the end of the first quarter. RBF Capital LLC owned 0.44% of Fanhua worth $2,199,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC acquired a new position in Fanhua during the fourth quarter valued at approximately $134,000. Oxford Asset Management purchased a new stake in Fanhua during the fourth quarter worth about $223,000. Two Sigma Investments LP purchased a new stake in Fanhua during the fourth quarter worth about $710,000. Renaissance Technologies LLC purchased a new stake in Fanhua during the fourth quarter worth about $726,000. Finally, Morgan Stanley boosted its stake in Fanhua by 14.3% in the first quarter. Morgan Stanley now owns 145,354 shares of the financial services provider’s stock worth $1,254,000 after buying an additional 18,216 shares during the period. 8.54% of the stock is currently owned by institutional investors.
Shares of Fanhua Inc. (FANH) traded down 1.05% on Wednesday, reaching $8.50. 39,421 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $8.83 and its 200 day moving average price is $8.71. The company has a market cap of $495.30 million, a price-to-earnings ratio of 16.97 and a beta of 0.98. Fanhua Inc. has a 12 month low of $6.79 and a 12 month high of $10.35.
Fanhua (NASDAQ:FANH) last issued its quarterly earnings data on Monday, May 22nd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $213.18 million for the quarter. Fanhua had a net margin of 3.92% and a return on equity of 6.11%. Equities research analysts predict that Fanhua Inc. will post $0.78 EPS for the current fiscal year.
Separately, ValuEngine upgraded shares of Fanhua from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Fanhua Company Profile
Fanhua Inc, formerly CNinsure Inc, is an independent online-to-offline financial services provider in China. The Company distributes a range of property, casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China to individual and institutional customers, and provides insurance claims adjusting services.
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