Dimensional Fund Advisors LP grew its position in Yiren Digital Ltd. (NYSE:YRD) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 859,040 shares of the technology company’s stock after purchasing an additional 29,582 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Yiren Digital were worth $2,870,000 as of its most recent filing with the SEC.
Separately, Truist Financial Corp boosted its stake in shares of Yiren Digital by 14.3% in the 4th quarter. Truist Financial Corp now owns 32,808 shares of the technology company’s stock valued at $110,000 after purchasing an additional 4,105 shares during the last quarter. Institutional investors and hedge funds own 2.65% of the company’s stock.
Shares of NYSE YRD opened at $5.32 on Friday. The company has a market capitalization of $446.79 million, a price-to-earnings ratio of -4.40 and a beta of 0.66. Yiren Digital Ltd. has a 12-month low of $2.70 and a 12-month high of $6.80. The business’s fifty day moving average is $3.86.
Separately, TheStreet lowered shares of Yiren Digital from a “c-” rating to a “d+” rating in a research note on Tuesday, April 20th.
Yiren Digital Profile
Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers and investors in the People's Republic of China. It provides loan facilitation services; and post-origination services, such as cash processing, collection, and SMS services. The company's loan products portfolio includes unsecured consumer loans; secured consumer loan, which include secured financial leasing, auto-secured, and property-secured loans; and small business loans.
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