Yiren Digital Ltd. (NYSE:YRD – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $5.85 and last traded at $5.85, with a volume of 11670 shares trading hands. The stock had previously closed at $5.69.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Yiren Digital from a “buy” rating to a “strong-buy” rating in a report on Sunday.
View Our Latest Report on Yiren Digital
Yiren Digital Stock Up 1.9 %
Yiren Digital (NYSE:YRD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%. The firm had revenue of $205.93 million for the quarter.
Yiren Digital Cuts Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Monday, September 30th. This represents a yield of 3.5%. Yiren Digital’s dividend payout ratio is currently 10.21%.
Hedge Funds Weigh In On Yiren Digital
Several large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its position in Yiren Digital by 63.9% in the first quarter. Acadian Asset Management LLC now owns 407,139 shares of the technology company’s stock worth $1,817,000 after purchasing an additional 158,772 shares during the last quarter. RFG Advisory LLC bought a new stake in shares of Yiren Digital in the 1st quarter worth approximately $715,000. Secure Asset Management LLC purchased a new stake in Yiren Digital during the second quarter valued at about $310,000. EntryPoint Capital LLC bought a new position in shares of Yiren Digital during the first quarter valued at about $72,000. Finally, Advisors Preferred LLC bought a new position in shares of Yiren Digital in the first quarter worth approximately $76,000. 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.
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