Yiren Digital (NYSE:YRD) Trading Down 4% – Should You Sell?

Shares of Yiren Digital Ltd. (NYSE:YRD) dropped 4% during trading on Tuesday . The company traded as low as $6.63 and last traded at $6.68. Approximately 38,321 shares traded hands 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 Trading Up 1.6 %

The company has a market cap of $594.80 million, a price-to-earnings ratio of 2.34 and a beta of 0.65. The business’s 50 day moving average price is $6.47 and its 200-day moving average price is $5.72.

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

Yiren Digital Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.22 per share. This represents a dividend yield of 2.6%. This is an increase from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date is Wednesday, April 30th. Yiren Digital’s dividend payout ratio is presently 17.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of YRD. XTX Topco Ltd increased its stake in shares of Yiren Digital by 34.5% in the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock valued at $118,000 after purchasing an additional 5,294 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Yiren Digital by 33.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 341,877 shares of the technology company’s stock valued at $1,641,000 after purchasing an additional 85,414 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Yiren Digital during the 3rd quarter worth approximately $153,000. Two Sigma Investments LP acquired a new stake in Yiren Digital in the fourth quarter worth $61,000. Finally, Dimensional Fund Advisors LP increased its stake in Yiren Digital by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,088,920 shares of the technology company’s stock valued at $5,225,000 after purchasing an additional 30,641 shares in the last quarter. Institutional investors and hedge funds own 1.99% of the company’s stock.

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.