Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s stock price was up 9.1% during trading on Thursday . The company traded as high as $7.00 and last traded at $7.27. Approximately 76,836 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 142,198 shares. The stock had previously closed at $6.67.
Yiren Digital Trading Down 5.5 %
The firm has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $5.77. The firm has a market cap of $604.10 million, a P/E ratio of 2.37 and a beta of 0.65.
Yiren Digital (NYSE:YRD - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. The company 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 company 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. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.6%. Yiren Digital's dividend payout ratio is presently 15.94%.
Hedge Funds Weigh In On Yiren Digital
Several institutional investors and hedge funds have recently bought and sold shares of YRD. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yiren Digital by 33.3% during the 4th 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. Dimensional Fund Advisors LP boosted its holdings in Yiren Digital by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company's stock worth $5,225,000 after acquiring an additional 30,641 shares in the last quarter. Trexquant Investment LP acquired a new stake in Yiren Digital in the fourth quarter worth about $138,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Yiren Digital during the third quarter worth about $153,000. Finally, American Century Companies Inc. acquired a new position in shares of Yiren Digital during the fourth quarter valued at about $107,000. 1.99% of the stock is 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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