Public Employees Retirement System of Ohio Makes New Investment in Yiren Digital Ltd. (NYSE:YRD)

Public Employees Retirement System of Ohio acquired a new stake in Yiren Digital Ltd. (NYSE:YRD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,945 shares of the technology company’s stock, valued at approximately $153,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC purchased a new stake in Yiren Digital during the 3rd quarter valued at $78,000. XTX Topco Ltd purchased a new stake in shares of Yiren Digital in the second quarter valued at $70,000. Creative Planning bought a new stake in shares of Yiren Digital in the 3rd quarter worth about $89,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Yiren Digital by 44.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,463 shares of the technology company’s stock worth $1,459,000 after purchasing an additional 78,415 shares during the period. Finally, Acadian Asset Management LLC grew its holdings 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 purchasing an additional 25,811 shares during the last quarter. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th.

Yiren Digital Stock Up 3.7 %

YRD opened at $4.71 on Friday. The business has a fifty day moving average of $5.40 and a 200 day moving average of $5.08. The stock has a market cap of $413.20 million, a P/E ratio of 1.62 and a beta of 0.71. Yiren Digital Ltd. has a 52-week low of $2.97 and a 52-week high of $9.20.

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.