Yiren Digital (NYSE:YRD) Shares Down 4% – Here’s What Happened

Shares of Yiren Digital Ltd. (NYSE:YRD) fell 4% on Tuesday . The stock traded as low as $6.63 and last traded at $6.68. 38,321 shares traded hands during trading, a decline of 74% from the average session volume of 148,823 shares. The stock had previously closed at $6.95.

Yiren Digital Stock Down 3.5 %

The business’s 50-day simple moving average is $6.39 and its two-hundred day simple moving average is $5.70. The firm has a market capitalization of $588.22 million, a price-to-earnings ratio of 2.31 and a beta of 0.65.

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

Yiren Digital Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.22 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Yiren Digital’s previous semi-annual dividend of $0.20. Yiren Digital’s payout ratio is currently 17.53%.

Hedge Funds Weigh In On Yiren Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of YRD. AXA S.A. lifted its position in shares of Yiren Digital by 80.7% during the fourth quarter. AXA S.A. now owns 11,562 shares of the technology company’s stock worth $55,000 after purchasing an additional 5,165 shares in the last quarter. XTX Topco Ltd lifted its holdings in Yiren Digital by 34.5% during the 3rd quarter. XTX Topco Ltd now owns 20,657 shares of the technology company’s stock worth $118,000 after buying an additional 5,294 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Yiren Digital by 43.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,528 shares of the technology company’s stock valued at $185,000 after buying an additional 11,583 shares during the period. Two Sigma Investments LP acquired a new position in shares of Yiren Digital in the fourth quarter worth $61,000. Finally, Invesco Ltd. purchased a new stake in shares of Yiren Digital during the fourth quarter worth $71,000. 1.99% of the stock is currently owned by hedge funds and other 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.