Shares of Yiren Digital Ltd. (NYSE:YRD - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $8.61, but opened at $7.62. Yiren Digital shares last traded at $7.36, with a volume of 191,558 shares trading hands.
Yiren Digital Price Performance
The business's 50-day moving average is $6.34 and its 200 day moving average is $5.68. The firm has a market capitalization of $605.33 million, a P/E ratio of 2.38 and a beta of 0.65.
Yiren Digital (NYSE:YRD - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $0.52 EPS for the quarter. The company had revenue of $198.95 million for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%.
Yiren Digital Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.22 per share. This represents a dividend yield of 2.6%. This is an increase from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend is Wednesday, April 30th. Yiren Digital's dividend payout ratio is presently 17.53%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. AXA S.A. grew its stake in Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company's stock worth $55,000 after buying an additional 5,165 shares in the last quarter. Two Sigma Investments LP acquired a new position in Yiren Digital during the fourth quarter valued at approximately $61,000. Invesco Ltd. bought a new stake in Yiren Digital during the fourth quarter worth $71,000. American Century Companies Inc. acquired a new stake in shares of Yiren Digital in the 4th quarter valued at $107,000. Finally, XTX Topco Ltd increased its stake in shares of Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock valued at $118,000 after purchasing an additional 5,294 shares during the last quarter. Institutional investors own 1.99% of the company's stock.
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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