Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Yirendai Ltd – (NYSE:YRD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,375 shares of the technology company’s stock, valued at approximately $143,000.
A number of other hedge funds also recently made changes to their positions in YRD. BNP Paribas Arbitrage SA acquired a new position in Yirendai in the first quarter valued at approximately $103,000. Advisors Preferred LLC acquired a new position in Yirendai in the first quarter valued at approximately $119,000. Aperio Group LLC acquired a new position in shares of Yirendai during the second quarter worth approximately $158,000. Northern Trust Corp acquired a new position in shares of Yirendai during the fourth quarter worth approximately $137,000. Finally, Unison Advisors LLC acquired a new position in shares of Yirendai during the second quarter worth approximately $244,000. Institutional investors and hedge funds own 10.78% of the company’s stock.
NYSE YRD traded up $0.15 on Friday, reaching $9.40. The company had a trading volume of 136,782 shares, compared to its average volume of 113,334. The stock has a market capitalization of $561.20 million, a P/E ratio of 2.10 and a beta of 2.74. The company’s fifty day moving average is $10.00 and its 200 day moving average is $13.21. Yirendai Ltd – has a 52-week low of $8.50 and a 52-week high of $20.96. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.13.
Yirendai (NYSE:YRD) last announced its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.24). The business had revenue of $322.89 million during the quarter. Yirendai had a net margin of 15.30% and a return on equity of 32.93%. On average, research analysts expect that Yirendai Ltd – will post 2.04 EPS for the current year.
YRD has been the topic of a number of research reports. Macquarie lowered Yirendai from a “neutral” rating to an “underperform” rating and set a $6.00 target price on the stock. in a research report on Wednesday, September 4th. ValuEngine lowered Yirendai from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Yirendai from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th.
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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