Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price was up 8% on Tuesday . The stock traded as high as $6.60 and last traded at $6.74. Approximately 73,491 shares were traded during trading, a decline of 49% from the average daily volume of 143,244 shares. The stock had previously closed at $6.24.
Yiren Digital Stock Performance
The stock has a market cap of $542.20 million, a P/E ratio of 2.16 and a beta of 0.77. The firm has a 50 day moving average of $6.27 and a two-hundred day moving average of $5.92.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its quarterly 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 business also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.22 dividend. The ex-dividend date was Wednesday, April 30th. This is an increase from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. Yiren Digital's dividend payout ratio is 15.94%.
Institutional Trading of Yiren Digital
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of 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 valued at $1,641,000 after buying an additional 85,414 shares during the last quarter. American Century Companies Inc. acquired a new position in Yiren Digital in the 4th quarter valued at approximately $107,000. Trexquant Investment LP bought a new stake in shares of Yiren Digital in the 4th quarter worth approximately $138,000. Invesco Ltd. bought a new stake in shares of Yiren Digital in the 4th quarter worth approximately $71,000. Finally, Dimensional Fund Advisors LP grew 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 purchasing an additional 30,641 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors and hedge funds.
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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