Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Yiren Digital Ltd. (NYSE:YRD)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Yiren Digital Ltd. (NYSE:YRD) by 33.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,877 shares of the technology company’s stock after purchasing an additional 85,414 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.39% of Yiren Digital worth $1,641,000 as of its most recent SEC filing.

Separately, Public Employees Retirement System of Ohio acquired a new stake in Yiren Digital in the third quarter valued at $153,000. Institutional investors own 1.99% of the company’s stock.

Yiren Digital Stock Up 6.5 %

NYSE:YRD opened at $8.59 on Thursday. Yiren Digital Ltd. has a 52-week low of $4.12 and a 52-week high of $9.20. The stock has a fifty day simple moving average of $6.25 and a 200-day simple moving average of $5.64. The company has a market capitalization of $753.77 million, a PE ratio of 2.96 and a beta of 0.65.

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.