Yirendai (NYSE:YRD) Trading Down 1.3% - What's Next?

Key Points

• Yirendai Ltd. stock declined by 1.3%, trading at $5.89, with a volume drop of 18% from its average.
• The company reported a earnings per share of $0.39 for the last quarter, with revenues of $214.22 million.
• Despite recent declines, notable institutional investments include a 80.7% increase in stake by AXA S.A. during the fourth quarter.

Yirendai Ltd. (NYSE:YRD - Get Free Report) shares were down 1.3% on Wednesday . The stock traded as low as $5.85 and last traded at $5.89. Approximately 67,420 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 81,972 shares. The stock had previously closed at $5.97.

Yirendai Stock Down 4.9%

The stock's 50-day moving average price is $6.25 and its 200 day moving average price is $6.32. The firm has a market cap of $486.49 million, a price-to-earnings ratio of 2.63 and a beta of 0.78.

Yirendai (NYSE:YRD - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The technology company reported $0.39 earnings per share for the quarter. The company had revenue of $214.22 million during the quarter. Yirendai had a net margin of 22.48% and a return on equity of 14.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP boosted its holdings in shares of Yirendai by 48.8% during the first 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. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yirendai 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. Atria Wealth Solutions Inc. bought a new stake in shares of Yirendai during the 1st quarter worth $103,000. XTX Topco Ltd bought a new position in shares of Yirendai in the first quarter worth about $220,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Yirendai by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company's stock valued at $185,000 after purchasing an additional 11,583 shares during the last quarter. Institutional investors own 1.99% of the company's stock.

About Yirendai

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.