GSA Capital Partners LLP bought a new stake in shares of CNinsure Inc. (NASDAQ:CISG) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 21,469 shares of the company’s stock, valued at approximately $153,000.
Several other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in CNinsure by 19.7% in the first quarter. Geode Capital Management LLC now owns 16,352 shares of the company’s stock worth $131,000 after buying an additional 2,696 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in CNinsure during the first quarter worth about $120,000. Van Berkom & Associates Inc. raised its stake in CNinsure by 7.4% in the second quarter. Van Berkom & Associates Inc. now owns 466,125 shares of the company’s stock worth $3,314,000 after buying an additional 32,014 shares during the last quarter. LMR Partners LLP raised its stake in CNinsure by 980.4% in the second quarter. LMR Partners LLP now owns 110,200 shares of the company’s stock worth $784,000 after buying an additional 100,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in CNinsure during the fourth quarter worth about $36,331,000. Hedge funds and other institutional investors own 10.58% of the company’s stock.
CNinsure Inc. (NASDAQ:CISG) traded down 1.70% during midday trading on Tuesday, hitting $8.09. 19,635 shares of the stock were exchanged. The stock has a market cap of $469.00 million, a P/E ratio of 22.47 and a beta of 0.72. The firm has a 50-day moving average price of $8.21 and a 200-day moving average price of $7.76. CNinsure Inc. has a one year low of $6.19 and a one year high of $10.40.
CNinsure (NASDAQ:CISG) last announced its earnings results on Thursday, August 18th. The company reported $0.08 earnings per share (EPS) for the quarter. CNinsure had a net margin of 4.16% and a return on equity of 4.37%. On average, equities research analysts anticipate that CNinsure Inc. will post $0.39 EPS for the current fiscal year.
CNinsure Company Profile
CNinsure Inc (CNinsure) 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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