Yiren Digital (NYSE:YRD) Stock Price Up 8% - Should You Buy?

Yiren Digital Ltd. (NYSE:YRD - Get Free Report) shares traded up 8% during mid-day trading on Tuesday . The stock traded as high as $6.60 and last traded at $6.74. 73,491 shares changed hands during trading, a decline of 49% from the average session volume of 143,244 shares. The stock had previously closed at $6.24.

Yiren Digital Stock Performance

The firm has a fifty day moving average price of $6.30 and a 200-day moving average price of $5.90. The company has a market capitalization of $578.06 million, a price-to-earnings ratio of 2.31 and a beta of 0.77.

Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The firm 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 business also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.22 per share. 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 dividend yield of 2.6%. Yiren Digital's payout ratio is presently 15.94%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of YRD. Dimensional Fund Advisors LP boosted its position in Yiren Digital by 2.9% in the fourth 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in Yiren Digital by 15.2% in 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 last quarter. Trexquant Investment LP increased its stake in Yiren Digital by 48.8% in 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 last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Yiren Digital by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock worth $185,000 after purchasing an additional 11,583 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Yiren Digital in the 1st quarter worth about $220,000. Hedge funds and other institutional investors own 1.99% of the company's stock.

About Yiren Digital

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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