Invesco Ltd. Invests $71,000 in Yiren Digital Ltd. (NYSE:YRD)

Invesco Ltd. purchased a new stake in Yiren Digital Ltd. (NYSE:YRD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,769 shares of the technology company’s stock, valued at approximately $71,000.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. purchased a new stake in shares of Yiren Digital in the fourth quarter worth about $107,000. Trexquant Investment LP acquired a new position in Yiren Digital during the 4th quarter worth approximately $138,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 worth $1,641,000 after acquiring an additional 85,414 shares during the period. Hedge funds and other institutional investors own 1.99% of the company’s stock.

Yiren Digital Stock Down 0.7 %

YRD opened at $6.34 on Tuesday. The firm’s 50 day moving average is $6.55 and its 200-day moving average is $5.86. Yiren Digital Ltd. has a 52-week low of $4.12 and a 52-week high of $9.20. The firm has a market capitalization of $555.76 million, a P/E ratio of 2.18 and a beta of 0.77.

Yiren Digital (NYSE:YRD) last released its quarterly earnings results 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 for the quarter.

Yiren Digital Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.22 dividend. This is a boost from Yiren Digital’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 2.6%. Yiren Digital’s payout ratio is 15.94%.

Yiren Digital Company 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.