CNFinance Holdings Limited (NYSE:CNF) Shares Bought by Truist Financial Corp

Truist Financial Corp boosted its holdings in shares of CNFinance Holdings Limited (NYSE:CNF – Get Rating) by 53.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,764 shares of the company’s stock after buying an additional 11,405 shares during the quarter. Truist Financial Corp’s holdings in CNFinance were worth $106,000 as of its most recent SEC filing.

Separately, Gagnon Securities LLC lifted its holdings in CNFinance by 9.5% during the 4th quarter. Gagnon Securities LLC now owns 1,527,494 shares of the company’s stock worth $6,232,000 after buying an additional 132,451 shares in the last quarter. 3.90% of the stock is owned by institutional investors and hedge funds.

CNFinance Trading Up 1.7 %

Shares of NYSE:CNF opened at $2.33 on Monday. CNFinance Holdings Limited has a 52 week low of $2.11 and a 52 week high of $6.34. The company’s 50 day moving average is $2.61 and its two-hundred day moving average is $3.05. The company has a current ratio of 821.21, a quick ratio of 753.06 and a debt-to-equity ratio of 1.93. The company has a market cap of $159.80 million, a PE ratio of 46.60 and a beta of 0.28.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of CNFinance from a “c-” rating to a “d+” rating in a research report on Tuesday, June 14th.

About CNFinance

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CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company also provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.