Creative Planning Buys Shares of 15,700 Yiren Digital Ltd. (NYSE:YRD)

Creative Planning purchased a new stake in Yiren Digital Ltd. (NYSE:YRD) during the 3rd quarter, Holdings Channel reports. The firm purchased 15,700 shares of the technology company’s stock, valued at approximately $89,000.

A number of other hedge funds also recently made changes to their positions in YRD. Acadian Asset Management LLC raised its stake in Yiren Digital by 63.9% during the 1st quarter. Acadian Asset Management LLC now owns 407,139 shares of the technology company’s stock valued at $1,817,000 after acquiring an additional 158,772 shares in the last quarter. Secure Asset Management LLC acquired a new position in shares of Yiren Digital during the second quarter valued at $310,000. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 90,726 shares in the last quarter. XTX Topco Ltd acquired a new stake in Yiren Digital in the second quarter worth about $70,000. Finally, EntryPoint Capital LLC bought a new position in Yiren Digital in the 1st quarter valued at about $72,000. Institutional investors own 1.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Yiren Digital Stock Down 4.4 %

Shares of Yiren Digital stock opened at $5.92 on Wednesday. The business has a fifty day simple moving average of $5.59 and a 200-day simple moving average of $5.07. The firm has a market cap of $514.63 million, a price-to-earnings ratio of 1.87 and a beta of 0.72. Yiren Digital Ltd. has a fifty-two week low of $2.19 and a fifty-two week high of $9.20.

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

Yiren Digital Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a yield of 3.5%. Yiren Digital’s dividend payout ratio (DPR) is 10.73%.

Yiren Digital 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.