Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price shot up 7.3% during trading on Monday . The stock traded as high as $5.87 and last traded at $5.72. Approximately 29,988 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 145,201 shares. The stock had previously closed at $5.33.
Yiren Digital Trading Down 2.5 %
The firm has a fifty day simple moving average of $6.68 and a two-hundred day simple moving average of $5.88. The stock has a market cap of $501.37 million, a PE ratio of 1.97 and a beta of 0.66.
Yiren Digital (NYSE:YRD - Get Free Report) last announced its quarterly earnings data 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 business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.22 dividend. This is an increase from Yiren Digital's previous semi-annual dividend of $0.20. This represents a yield of 2.6%. The ex-dividend date is Wednesday, April 30th. Yiren Digital's dividend payout ratio is presently 15.94%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Yiren Digital by 33.3% in 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Yiren Digital by 2.9% during the fourth 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 in the last quarter. Trexquant Investment LP bought a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $138,000. Public Employees Retirement System of Ohio purchased a new position in Yiren Digital in the 3rd quarter worth approximately $153,000. Finally, American Century Companies Inc. bought a new position in Yiren Digital in the 4th quarter valued at approximately $107,000. Institutional investors own 1.99% of the company's stock.
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.
Further Reading
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
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
