Yiren Digital Ltd. (NYSE:YRD - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.07, but opened at $8.30. Yiren Digital shares last traded at $8.21, with a volume of 31,804 shares traded.
Yiren Digital Price Performance
The company has a 50-day moving average of $6.34 and a two-hundred day moving average of $5.68. The stock has a market capitalization of $604.45 million, a PE ratio of 2.38 and a beta of 0.65.
Yiren Digital (NYSE:YRD - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The firm had revenue of $198.95 million for the quarter.
Yiren Digital Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.22 per share. The ex-dividend date is 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 17.53%.
Hedge Funds Weigh In On Yiren Digital
A number of large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised 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 during the period. Two Sigma Investments LP purchased a new position in shares of Yiren Digital in the 4th quarter worth about $61,000. AXA S.A. raised its holdings in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock worth $55,000 after purchasing an additional 5,165 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Yiren Digital by 2.9% in 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 during the period. Finally, Invesco Ltd. purchased a new position in shares of Yiren Digital in the 4th quarter worth about $71,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.
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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