RFG Advisory LLC purchased a new stake in Yiren Digital Ltd. (NYSE:YRD – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 158,586 shares of the technology company’s stock, valued at approximately $715,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. QRG Capital Management Inc. acquired a new position in shares of Yiren Digital in the 3rd quarter worth $27,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Yiren Digital in the fourth quarter valued at approximately $38,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 worth $140,000 after purchasing an additional 40,479 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Yiren Digital during the 3rd quarter valued at about $232,000. Institutional investors and hedge funds own 1.99% of the company’s stock.
Yiren Digital Price Performance
Shares of YRD stock opened at $4.93 on Monday. Yiren Digital Ltd. has a one year low of $2.13 and a one year high of $5.80. The firm has a market cap of $428.56 million, a price-to-earnings ratio of 1.51 and a beta of 0.67. The stock’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $4.60.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Yiren Digital from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 28th.
Read Our Latest Stock Report on Yiren Digital
Yiren Digital 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.
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