Sylebra HK Co Ltd Buys 490,089 Shares of Yirendai Ltd. (YRD)
Sylebra HK Co Ltd boosted its stake in shares of Yirendai Ltd. (NYSE:YRD) by 133.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 857,694 shares of the technology company’s stock after buying an additional 490,089 shares during the period. Yirendai accounts for 1.9% of Sylebra HK Co Ltd’s investment portfolio, making the stock its 13th largest position. Sylebra HK Co Ltd owned 1.43% of Yirendai worth $21,442,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in YRD. First Trust Advisors LP boosted its stake in Yirendai by 37.3% during the first quarter. First Trust Advisors LP now owns 46,295 shares of the technology company’s stock worth $1,162,000 after buying an additional 12,581 shares during the last quarter. Sei Investments Co. acquired a new position in Yirendai during the first quarter worth $176,000. Parametric Portfolio Associates LLC acquired a new position in Yirendai during the first quarter worth $362,000. State of Wisconsin Investment Board boosted its stake in Yirendai by 230.6% during the first quarter. State of Wisconsin Investment Board now owns 50,900 shares of the technology company’s stock worth $1,277,000 after buying an additional 35,505 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Yirendai during the first quarter worth $1,766,000. 6.87% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on YRD shares. Zacks Investment Research raised Yirendai from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Tuesday, September 12th. ValuEngine raised Yirendai from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective (up previously from $33.00) on shares of Yirendai in a research note on Tuesday, August 1st. They noted that the move was a valuation call.
Shares of Yirendai Ltd. (NYSE YRD) traded up 1.92% during trading on Friday, hitting $45.60. The stock had a trading volume of 230,007 shares. Yirendai Ltd. has a 12-month low of $19.85 and a 12-month high of $45.91. The stock’s 50 day moving average is $42.22 and its 200-day moving average is $30.96. The company has a market cap of $2.73 billion, a PE ratio of 13.39 and a beta of 8.51.
Yirendai (NYSE:YRD) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.66 earnings per share (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 business had revenue of $773.79 million for the quarter, compared to analyst estimates of $153.78 million. During the same quarter last year, the business earned $0.66 EPS. Yirendai’s revenue for the quarter was up 343.4% compared to the same quarter last year. Analysts forecast that Yirendai Ltd. will post $2.92 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, September 28th. Yirendai’s dividend payout ratio (DPR) is 45.40%.
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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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