Yiren Digital (NYSE:YRD) Shares Gap Down – What’s Next?

Yiren Digital Ltd. (NYSE:YRD) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.43, but opened at $6.62. Yiren Digital shares last traded at $6.51, with a volume of 264,284 shares traded.

Yiren Digital Stock Performance

The stock has a 50 day moving average price of $6.27 and a 200 day moving average price of $6.01. The company has a market cap of $546.09 million, a P/E ratio of 2.18 and a beta of 0.76.

Yiren Digital (NYSE:YRD) last posted its quarterly earnings data on Thursday, June 12th. The technology company reported $0.39 EPS for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The company had revenue of $214.22 million for the quarter.

Yiren Digital Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.22 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Wednesday, April 30th. This is an increase from Yiren Digital’s previous semi-annual dividend of $0.20. Yiren Digital’s payout ratio is currently 15.94%.

Institutional Trading of Yiren Digital

A number of hedge funds and other institutional investors have recently modified their holdings of YRD. AXA S.A. raised its stake in shares of Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after buying an additional 5,165 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Yiren Digital during the fourth quarter worth $61,000. Invesco Ltd. acquired a new stake in shares of Yiren Digital during the fourth quarter worth $71,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Yiren Digital during the first quarter worth $103,000. Finally, American Century Companies Inc. acquired a new stake in shares of Yiren Digital during the fourth quarter worth $107,000. 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.