OVERSEA CHINESE BANKING Corp Ltd Invests $38,000 in Yiren Digital Ltd. (NYSE:YRD)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Yiren Digital Ltd. (NYSE:YRD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,086 shares of the technology company’s stock, valued at approximately $38,000.

Several other large investors have also bought and sold shares of the business. QRG Capital Management Inc. bought a new position in shares of Yiren Digital in the third quarter worth about $27,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Yiren Digital by 238.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,425 shares of the technology company’s stock valued at $140,000 after buying an additional 40,479 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Yiren Digital during the third quarter worth $232,000. 1.99% of the stock is owned by institutional investors and hedge funds.

Yiren Digital Stock Performance

Shares of NYSE:YRD opened at $4.96 on Tuesday. Yiren Digital Ltd. has a 52-week low of $1.94 and a 52-week high of $5.80. The company has a market capitalization of $439.51 million, a PE ratio of 1.52 and a beta of 0.73. The company has a fifty day moving average of $5.01 and a 200-day moving average of $3.85.

Yiren Digital (NYSE:YRD) last issued its earnings results on Thursday, March 21st. The technology company reported $0.91 earnings per share (EPS) for the quarter. Yiren Digital had a return on equity of 28.62% and a net margin of 42.51%. The business had revenue of $179.48 million during the quarter.

Yiren Digital Profile

Yiren Digital Ltd. operates an AI-powered platform. Its platform provides a suite of financial and lifestyle services in China. The company delivers digital financial services, insurance solutions, as well as consumption and lifestyle services. It supports clients at various growth stages, addressing financing needs arising from consumption and production activities, and augmenting the well-being and security of individuals, families, and businesses.