Yiren Digital (NYSE:YRD) Trading 8% Higher – Here’s Why

Yiren Digital Ltd. (NYSE:YRD) was up 8% on Tuesday . The stock traded as high as $6.60 and last traded at $6.74. Approximately 73,491 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 143,244 shares. The stock had previously closed at $6.24.

Yiren Digital Stock Performance

The stock has a market cap of $578.06 million, a P/E ratio of 2.31 and a beta of 0.77. The firm has a 50-day moving average price of $6.30 and a 200-day moving average price of $5.90.

Yiren Digital (NYSE:YRD) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a return on equity of 20.85% and a net margin of 32.37%. The firm had revenue of $198.95 million during the quarter.

Yiren Digital Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AXA S.A. lifted its position in shares of Yiren Digital by 80.7% during the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock valued at $55,000 after buying an additional 5,165 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Yiren Digital by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock worth $185,000 after purchasing an additional 11,583 shares in the last quarter. Two Sigma Investments LP purchased a new position in Yiren Digital in the 4th quarter worth approximately $61,000. Trexquant Investment LP lifted its holdings in Yiren Digital by 48.8% in the 1st quarter. Trexquant Investment LP now owns 42,619 shares of the technology company’s stock worth $293,000 after purchasing an additional 13,973 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in Yiren Digital in the 4th quarter worth approximately $71,000. 1.99% of the stock is owned by hedge funds and other institutional investors.

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.