Yiren Digital Ltd. (NYSE:YRD - Get Free Report) shares dropped 4% on Tuesday . The company traded as low as $6.63 and last traded at $6.68. Approximately 38,321 shares were traded during trading, a decline of 74% from the average daily volume of 148,823 shares. The stock had previously closed at $6.95.
Yiren Digital Stock Down 1.5 %
The company has a market cap of $637.88 million, a PE ratio of 2.51 and a beta of 0.65. The firm's 50-day moving average is $6.57 and its 200-day moving average is $5.75.
Yiren Digital (NYSE:YRD - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The firm had revenue of $198.95 million for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%.
Yiren Digital Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.22 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. Yiren Digital's payout ratio is 15.94%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. XTX Topco Ltd boosted its stake in Yiren Digital by 34.5% during the third quarter. XTX Topco Ltd now owns 20,657 shares of the technology company's stock worth $118,000 after acquiring an additional 5,294 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 purchasing an additional 85,414 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Yiren Digital in the 3rd quarter worth approximately $153,000. Two Sigma Investments LP purchased a new stake in shares of Yiren Digital in the 4th quarter worth approximately $61,000. Finally, Dimensional Fund Advisors LP increased its position in 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 valued at $5,225,000 after buying an additional 30,641 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors.
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.
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