Yiren Digital (NYSE:YRD) Shares Gap Up – Still a Buy?

Yiren Digital Ltd. (NYSE:YRD)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.55, but opened at $5.84. Yiren Digital shares last traded at $5.91, with a volume of 29,876 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Yiren Digital from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 7th.

Yiren Digital Stock Up 5.0 %

The stock has a market capitalization of $506.83 million, a P/E ratio of 1.75 and a beta of 0.72. The firm has a fifty day moving average price of $5.20 and a two-hundred day moving average price of $4.96.

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

Yiren Digital Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Monday, September 30th. Yiren Digital’s dividend payout ratio (DPR) is presently 10.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings 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 valued at $4,626,000 after buying an additional 90,726 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Yiren Digital by 6.3% in the 2nd quarter. Acadian Asset Management LLC now owns 432,950 shares of the technology company’s stock worth $1,943,000 after purchasing an additional 25,811 shares in the last quarter. RFG Advisory LLC bought a new position in Yiren Digital in the 1st quarter worth $715,000. Secure Asset Management LLC purchased a new position in Yiren Digital during the second quarter valued at $310,000. Finally, Banco BTG Pactual S.A. bought a new stake in Yiren Digital during the first quarter valued at about $223,000. 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.