Yirendai Ltd. (NYSE:YRD) Stake Increased by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio boosted its stake in shares of Yirendai Ltd. (NYSE:YRD) by 115.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,999 shares of the technology company’s stock after buying an additional 39,108 shares during the period. Public Employees Retirement System of Ohio owned 0.12% of Yirendai worth $1,832,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in YRD. Sei Investments Co. bought a new position in shares of Yirendai during the first quarter worth approximately $176,000. Bank of America Corp DE raised its stake in shares of Yirendai by 24.5% in the first quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock worth $192,000 after buying an additional 1,504 shares in the last quarter. GRATRY & Co LLC acquired a new stake in shares of Yirendai during the first quarter worth about $245,000. GSA Capital Partners LLP acquired a new stake in shares of Yirendai during the fourth quarter worth about $309,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Yirendai during the first quarter worth about $318,000. Institutional investors and hedge funds own 6.08% of the company’s stock.
Shares of Yirendai Ltd. (NYSE YRD) traded up 1.42% on Friday, hitting $40.01. The stock had a trading volume of 498,454 shares. The stock has a 50 day moving average of $33.48 and a 200 day moving average of $26.77. Yirendai Ltd. has a 12-month low of $18.80 and a 12-month high of $42.10. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 12.00 and a beta of 8.56.
Yirendai (NYSE:YRD) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.70 by $0.04. Yirendai had a return on equity of 80.79% and a net margin of 32.37%. The firm had revenue of $773.79 million during the quarter, compared to the consensus estimate of $153.78 million. During the same quarter last year, the company posted $0.66 EPS. Yirendai’s revenue for the quarter was up 343.4% on a year-over-year basis. Equities analysts predict that Yirendai Ltd. will post $2.93 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $1.50 dividend. The ex-dividend date is Thursday, September 28th.
YRD has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target (up from $33.00) on shares of Yirendai in a research note on Tuesday, August 1st. They noted that the move was a valuation call. Zacks Investment Research raised Yirendai from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Wednesday, May 24th. Finally, ValuEngine lowered Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st.
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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