Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.24 and traded as low as $6.18. Yiren Digital shares last traded at $6.28, with a volume of 65,086 shares changing hands.
Yiren Digital Trading Up 9.2%
The business's fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $5.92. The stock has a market capitalization of $604.15 million, a P/E ratio of 2.41 and a beta of 0.77.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%. The firm had revenue of $198.95 million during the quarter.
Yiren Digital Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders 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 an increase from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date was Wednesday, April 30th. Yiren Digital's dividend payout ratio (DPR) is presently 15.94%.
Hedge Funds Weigh In On Yiren Digital
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Yiren Digital by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock worth $5,225,000 after acquiring an additional 30,641 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yiren Digital by 15.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 393,987 shares of the technology company's stock worth $2,711,000 after acquiring an additional 52,110 shares during the period. Trexquant Investment LP lifted its holdings in shares of Yiren Digital by 48.8% during the 1st quarter. Trexquant Investment LP now owns 42,619 shares of the technology company's stock worth $293,000 after acquiring an additional 13,973 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Yiren Digital by 43.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock worth $185,000 after acquiring an additional 11,583 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Yiren Digital during the 1st quarter worth about $220,000. 1.99% of the stock is owned by institutional investors.
About Yiren Digital
(
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.
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