First Trust Advisors LP lowered its position in Yirendai (NYSE:YRD) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,658 shares of the technology company’s stock after selling 27,935 shares during the quarter. First Trust Advisors LP owned 0.10% of Yirendai worth $2,755,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Yirendai by 4.1% during the third quarter. Bank of New York Mellon Corp now owns 76,242 shares of the technology company’s stock valued at $3,198,000 after acquiring an additional 3,023 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Yirendai during the third quarter valued at $3,845,000. Penserra Capital Management LLC acquired a new stake in shares of Yirendai during the fourth quarter valued at $5,629,000. AMP Capital Investors Ltd acquired a new stake in shares of Yirendai during the third quarter valued at $990,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in Yirendai in the 3rd quarter worth about $252,000. Institutional investors and hedge funds own 12.65% of the company’s stock.
A number of brokerages have issued reports on YRD. Zacks Investment Research raised Yirendai from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. TheStreet raised Yirendai from a “c” rating to a “b-” rating in a research note on Monday, December 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.00.
NYSE:YRD traded down $0.42 during mid-day trading on Friday, reaching $35.57. The company’s stock had a trading volume of 606,805 shares, compared to its average volume of 546,773. The firm has a market cap of $2,150.62, a price-to-earnings ratio of 10.31 and a beta of 5.22. Yirendai has a twelve month low of $22.76 and a twelve month high of $53.50.
Yirendai (NYSE:YRD) last released its quarterly earnings data on Wednesday, March 14th. The technology company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.25. The business had revenue of $280.50 million for the quarter, compared to analyst estimates of $244.27 million. Yirendai had a return on equity of 66.32% and a net margin of 24.69%. The company’s revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. equities analysts predict that Yirendai will post 4.85 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 27th. Yirendai’s dividend payout ratio is currently 42.90%.
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Yirendai Company Profile
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 and fasttrack loan products. 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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