Yiren Digital Ltd. (NYSE:YRD) Stock Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Yiren Digital Ltd. (NYSE:YRD) by 44.0% in the third quarter, Holdings Channel.com reports. The fund owned 256,463 shares of the technology company’s stock after buying an additional 78,415 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Yiren Digital were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballentine Partners LLC bought a new stake in Yiren Digital during the third quarter valued at $78,000. Creative Planning acquired a new position in shares of Yiren Digital in the 3rd quarter valued at about $89,000. XTX Topco Ltd bought a new stake in shares of Yiren Digital during the 2nd quarter valued at about $70,000. Dimensional Fund Advisors LP raised its stake in Yiren Digital by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,021,035 shares of the technology company’s stock worth $4,626,000 after acquiring an additional 90,726 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Yiren Digital by 6.3% in the second quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company’s stock worth $1,943,000 after acquiring an additional 25,811 shares during the last quarter. 1.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Yiren Digital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th.

Yiren Digital Stock Performance

YRD stock opened at $4.55 on Wednesday. Yiren Digital Ltd. has a 1 year low of $2.66 and a 1 year high of $9.20. The stock has a market capitalization of $395.55 million, a price-to-earnings ratio of 1.57 and a beta of 0.72. The stock’s fifty day moving average is $5.79 and its two-hundred day moving average is $5.09.

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.