Gagnon Securities LLC Reduces Stock Holdings in CNFinance Holdings Limited Sponsored ADR $CNF

Gagnon Securities LLC cut its stake in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 83.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 317,201 shares of the company’s stock after selling 1,619,189 shares during the period. Gagnon Securities LLC’s holdings in CNFinance were worth $1,329,000 at the end of the most recent reporting period.

Separately, XTX Topco Ltd raised its stake in shares of CNFinance by 318.8% during the second quarter. XTX Topco Ltd now owns 49,079 shares of the company’s stock valued at $32,000 after purchasing an additional 37,359 shares during the period.

CNFinance Price Performance

Shares of NYSE CNF opened at $5.68 on Friday. The company has a quick ratio of 392.34, a current ratio of 681.01 and a debt-to-equity ratio of 1.32. CNFinance Holdings Limited Sponsored ADR has a fifty-two week low of $2.36 and a fifty-two week high of $13.90. The business has a 50 day moving average price of $5.60 and a two-hundred day moving average price of $5.27. The firm has a market cap of $38.96 million, a PE ratio of 1.83 and a beta of -0.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CNFinance has an average rating of “Hold”.

CNFinance Company Profile

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.