Yiren Digital (NYSE:YRD) Shares Gap Down to $8.09

Yiren Digital Ltd. (NYSE:YRD) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.09, but opened at $7.49. Yiren Digital shares last traded at $7.92, with a volume of 197,847 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Yiren Digital from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

Yiren Digital Price Performance

The company has a market cap of $654.62 million, a PE ratio of 2.22 and a beta of 0.69. The company has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $4.83.

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

Yiren Digital Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, September 30th. Yiren Digital’s dividend payout ratio (DPR) is 10.21%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of YRD. Dimensional Fund Advisors LP boosted its stake in shares of Yiren Digital by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company’s stock valued at $4,626,000 after buying an additional 90,726 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Yiren Digital by 6.3% during the 2nd quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company’s stock valued at $1,943,000 after acquiring an additional 25,811 shares during the last quarter. RFG Advisory LLC acquired a new position in Yiren Digital during the 1st quarter worth $715,000. Secure Asset Management LLC bought a new stake in shares of Yiren Digital in the 2nd quarter worth about $310,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Yiren Digital in the 1st quarter valued at about $223,000. Institutional investors and hedge funds 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.