Yiren Digital (NYSE:YRD) Trading Down 4% – Here’s What Happened

Shares of Yiren Digital Ltd. (NYSE:YRD) were down 4% during trading on Tuesday . The company traded as low as $6.63 and last traded at $6.68. Approximately 38,321 shares were traded during trading, a decline of 74% from the average daily volume of 148,823 shares. The stock had previously closed at $6.95.

Yiren Digital Price Performance

The stock has a market cap of $594.80 million, a price-to-earnings ratio of 2.34 and a beta of 0.65. The company’s fifty day simple moving average is $6.47 and its two-hundred day simple moving average is $5.72.

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

Yiren Digital Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.22 dividend. This is a positive change from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date is Wednesday, April 30th. This represents a yield of 2.6%. Yiren Digital’s payout ratio is currently 17.53%.

Hedge Funds Weigh In On Yiren Digital

Institutional investors and hedge funds have recently bought and sold shares of the company. AXA S.A. lifted its stake 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. Two Sigma Investments LP bought a new position in Yiren Digital in the fourth quarter valued at $61,000. Invesco Ltd. bought a new position in shares of Yiren Digital during the 4th quarter valued at about $71,000. American Century Companies Inc. bought a new position in shares of Yiren Digital during the 4th quarter valued at about $107,000. Finally, XTX Topco Ltd lifted its position in Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after buying an additional 5,294 shares during the last quarter. 1.99% of the stock is owned by 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.