Yiren Digital (NYSE:YRD) Stock Price Up 9.1% – Time to Buy?

Yiren Digital Ltd. (NYSE:YRD)’s share price was up 9.1% during mid-day trading on Thursday . The company traded as high as $7.00 and last traded at $7.27. Approximately 76,836 shares changed 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 Stock Down 1.5 %

The stock’s fifty day moving average price is $6.57 and its 200 day moving average price is $5.75. The stock has a market cap of $637.88 million, a PE ratio of 2.51 and a beta of 0.65.

Yiren Digital (NYSE:YRD) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share (EPS) 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 business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Yiren Digital’s previous semi-annual dividend of $0.20. This represents a dividend yield of 2.6%. Yiren Digital’s payout ratio is 15.94%.

Hedge Funds Weigh In On Yiren Digital

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd raised its position in shares of Yiren Digital by 34.5% during 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 period. Public Employees Retirement System of Ohio purchased a new position in Yiren Digital in the 3rd quarter worth approximately $153,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Yiren Digital by 33.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock worth $1,641,000 after purchasing an additional 85,414 shares during the period. American Century Companies Inc. purchased a new stake in Yiren Digital during the 4th quarter valued at approximately $107,000. Finally, Trexquant Investment LP bought a new stake in shares of Yiren Digital during the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Yiren Digital Company Profile

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.