23 hours Ago By Defense World Staff
Renaissance Technologies LLC cut its stake in shares of Yiren Digital Ltd. (NYSE:YRD – Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 237,365 shares of the technology company’s stock after selling 7,300 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of Yiren Digital worth $1,139,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 last quarter.
Trexquant Investment LP acquired a new stake in shares of Yiren Digital in the fourth quarter valued at $138,000. American Century Companies Inc. purchased a new stake in shares of Yiren Digital in the 4th quarter valued at $107,000.
Finally, Invesco Ltd. acquired a new position in Yiren Digital during the 4th quarter worth about $71,000. 1.
99% of the stock is owned by hedge funds and other institutional investors. Yiren Digital Price PerformanceNYSE YRD opened at $6.61 on Wednesday.
The company has a market cap of $579.89 million, a P/E ratio of 2.28 and a beta of 0.
66. Yiren Digital Ltd. has a 1-year low of $4.
12 and a 1-year high of $9.20. The stock has a 50-day moving average of $6.
60 and a two-hundred day moving average of $5.84. Yiren Digital (NYSE:YRD – Get Free Report) last announced its earnings results on Thursday, March 20th.
The technology company reported $0.52 earnings per share 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 for the quarter. Yiren Digital Increases DividendThe business also recently announced 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. The ex-dividend date is Wednesday, April 30th. This is a positive change from Yiren Digital’s previous semi-annual dividend of $0.
20. This represents a yield of 2.6%.
Yiren Digital’s dividend payout ratio (DPR) is 15.94%. Yiren Digital Company Profile (Free Report)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.
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