Acadian Asset Management LLC boosted its position in Jupai Holdings Limited (NYSE:JP) by 367.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,496 shares of the asset manager’s stock after buying an additional 29,480 shares during the period. Acadian Asset Management LLC owned about 0.12% of Jupai Holdings Limited worth $292,000 at the end of the most recent reporting period.
Jupai Holdings Limited (NYSE:JP) traded up 7.08% during midday trading on Wednesday, hitting $10.44. 505,814 shares of the stock were exchanged. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $8.54. The stock has a market cap of $312.16 million, a price-to-earnings ratio of 8.66 and a beta of 0.73. Jupai Holdings Limited has a 12-month low of $7.36 and a 12-month high of $10.70.
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Separately, ValuEngine raised shares of Jupai Holdings Limited from a “hold” rating to a “buy” rating in a research note on Monday, August 7th.
Jupai Holdings Limited Company Profile
Jupai Holdings Limited (Jupai), formerly Jupai Investment Group, is a Cayman Islands-based third-party wealth management service provider. The Company focuses on distributing wealth management products and providing advisory services to individuals in People’s Republic of China (PRC) who have investable assets in excess of three million Renminbi (RMB).
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