Shares of Yiren Digital Ltd. (NYSE:YRD - Get Free Report) saw strong trading volume on Monday . 161,623 shares were traded during trading, an increase of 10% from the previous session's volume of 146,475 shares.The stock last traded at $7.52 and had previously closed at $7.00.
Yiren Digital Stock Up 5.6%
The firm has a market capitalization of $638.97 million, a price-to-earnings ratio of 2.55 and a beta of 0.76. The stock has a 50 day moving average of $6.22 and a 200 day moving average of $5.95.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its earnings results on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The company had revenue of $198.95 million during the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.
Yiren Digital Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.22 per share. This represents a dividend yield of 2.6%. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 30th. Yiren Digital's dividend payout ratio is 15.94%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Yiren Digital by 33.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock worth $1,641,000 after acquiring an additional 85,414 shares during the period. XTX Topco Ltd acquired a new stake in shares of Yiren Digital during the 1st quarter worth approximately $220,000. Dimensional Fund Advisors LP lifted its holdings in shares of Yiren Digital by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock worth $5,225,000 after purchasing an additional 30,641 shares during the last quarter. Trexquant Investment LP acquired a new position in Yiren Digital during the 4th quarter valued at approximately $138,000. Finally, American Century Companies Inc. bought a new position in Yiren Digital during the 4th quarter worth $107,000. 1.99% of the stock is currently owned by institutional investors.
Yiren Digital Company Profile
(
Get Free Report)
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Yiren Digital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yiren Digital wasn't on the list.
While Yiren Digital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.