Yiren Digital (NYSE:YRD) Cut to Buy at StockNews.com

StockNews.com lowered shares of Yiren Digital (NYSE:YRD) from a strong-buy rating to a buy rating in a report released on Tuesday.

Yiren Digital Stock Performance

NYSE YRD opened at $5.92 on Tuesday. Yiren Digital has a one year low of $2.25 and a one year high of $9.20. The company has a market capitalization of $514.63 million, a price-to-earnings ratio of 1.85 and a beta of 0.72. The company’s 50-day simple moving average is $5.65 and its two-hundred day simple moving average is $5.08.

Yiren Digital (NYSE:YRD) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. The company had revenue of $205.93 million during the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%.

Yiren Digital Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a yield of 3.5%. Yiren Digital’s dividend payout ratio is presently 10.73%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of YRD. Ballentine Partners LLC acquired a new position in Yiren Digital during the 3rd quarter valued at about $78,000. XTX Topco Ltd purchased a new stake in shares of Yiren Digital during the second quarter worth about $70,000. Creative Planning acquired a new position in shares of Yiren Digital during the third quarter valued at about $89,000. EntryPoint Capital LLC purchased a new position in shares of Yiren Digital in the 1st quarter valued at approximately $72,000. Finally, Banco BTG Pactual S.A. acquired a new stake in Yiren Digital in the 1st quarter worth approximately $223,000. Institutional investors own 1.99% of the company’s stock.

About Yiren Digital

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.