TheStreet Downgrades Jupai (NYSE:JP) to D

TheStreet cut shares of Jupai (NYSE:JP) from a c rating to a d rating in a research report sent to investors on Thursday, June 27th, TheStreetRatingsTable reports.

JP stock traded down $0.06 during midday trading on Thursday, hitting $2.08. The stock had a trading volume of 10,214 shares, compared to its average volume of 42,824. Jupai has a 52 week low of $2.06 and a 52 week high of $18.48. The stock’s 50-day simple moving average is $2.34. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 2.06.

Jupai (NYSE:JP) last issued its earnings results on Monday, June 10th. The asset manager reported ($0.11) EPS for the quarter. The firm had revenue of $41.88 million during the quarter. Jupai had a negative return on equity of 8.48% and a negative net margin of 44.10%.

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Jupai by 86.9% during the third quarter. Morgan Stanley now owns 246,528 shares of the asset manager’s stock worth $2,125,000 after purchasing an additional 114,637 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Jupai during the fourth quarter worth $153,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Jupai during the fourth quarter worth $101,000. Finally, APG Asset Management N.V. raised its holdings in shares of Jupai by 2.5% during the fourth quarter. APG Asset Management N.V. now owns 1,231,346 shares of the asset manager’s stock worth $4,729,000 after purchasing an additional 30,000 shares during the period.

About Jupai

Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It also provides asset management services, including management of real estate or related funds and other fund products. The company offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.

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