Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.43, but opened at $6.62. Yiren Digital shares last traded at $6.51, with a volume of 264,284 shares.
Yiren Digital Stock Down 6.5%
The stock has a market capitalization of $546.09 million, a PE ratio of 2.18 and a beta of 0.76. The firm's fifty day moving average is $6.29 and its 200-day moving average is $6.03.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its earnings results on Thursday, June 12th. The technology company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $214.22 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 disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.22 dividend. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date was Wednesday, April 30th. This represents a yield of 2.6%. Yiren Digital's dividend payout ratio is presently 15.94%.
Institutional Investors Weigh In On Yiren Digital
Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Yiren Digital by 33.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company's stock valued at $1,641,000 after purchasing an additional 85,414 shares in the last quarter. XTX Topco Ltd purchased a new position in Yiren Digital in the first quarter valued at about $220,000. Dimensional Fund Advisors LP lifted its position 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 valued at $5,225,000 after acquiring an additional 30,641 shares during the period. Trexquant Investment LP purchased a new stake in shares of Yiren Digital during the 4th quarter worth approximately $138,000. Finally, American Century Companies Inc. acquired a new stake in shares of Yiren Digital in the 4th quarter worth approximately $107,000. 1.99% of the stock is currently owned by hedge funds and other 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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