Yiren Digital (NYSE:YRD) Downgraded to Buy at StockNews.com

StockNews.com cut shares of Yiren Digital (NYSE:YRD) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Yiren Digital Stock Performance

Yiren Digital stock opened at $4.66 on Friday. Yiren Digital has a 12-month low of $2.16 and a 12-month high of $5.80. The firm has a market capitalization of $405.12 million, a price-to-earnings ratio of 1.40 and a beta of 0.69. The firm has a 50 day moving average of $4.63 and a 200 day moving average of $4.81.

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

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. This represents a yield of 3.5%. The ex-dividend date is Monday, September 30th. Yiren Digital’s dividend payout ratio (DPR) is presently 10.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of Yiren Digital in the second quarter worth $70,000. EntryPoint Capital LLC bought a new position in shares of Yiren Digital during the 1st quarter valued at about $72,000. Advisors Preferred LLC purchased a new position in shares of Yiren Digital during the first quarter valued at about $76,000. Banco BTG Pactual S.A. bought a new stake in shares of Yiren Digital in the first quarter worth about $223,000. Finally, Secure Asset Management LLC purchased a new stake in shares of Yiren Digital in the second quarter worth about $310,000. 1.99% of the stock is currently 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.