Yiren Digital (NYSE:YRD) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Yiren Digital Ltd. (NYSE:YRD) saw strong trading volume on Monday . 161,623 shares were traded during trading, an increase of 10% from the previous session’s volume of 146,475 shares.The stock last traded at $7.52 and had previously closed at $7.00.

Yiren Digital Stock Up 5.6%

The firm has a market capitalization of $638.97 million, a price-to-earnings ratio of 2.55 and a beta of 0.76. The stock has a 50 day moving average of $6.22 and a 200 day moving average of $5.95.

Yiren Digital (NYSE:YRD) last issued 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 during 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 was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.22 per share. This represents a dividend yield of 2.6%. This is a boost from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 30th. Yiren Digital’s dividend payout ratio is 15.94%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 worth $1,641,000 after acquiring an additional 85,414 shares during the period. XTX Topco Ltd acquired a new stake in shares of Yiren Digital during the 1st quarter worth approximately $220,000. Dimensional Fund Advisors LP lifted 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 last quarter. Trexquant Investment LP acquired a new position in Yiren Digital during the 4th quarter valued at approximately $138,000. Finally, American Century Companies Inc. bought a new position in Yiren Digital during the 4th quarter worth $107,000. 1.99% of the stock is currently owned by institutional investors.

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.