Penserra Capital Management LLC decreased its stake in shares of Yirendai Ltd – (NYSE:YRD) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,711 shares of the technology company’s stock after selling 11,888 shares during the period. Penserra Capital Management LLC owned about 0.16% of Yirendai worth $1,816,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in YRD. Jane Street Group LLC purchased a new position in shares of Yirendai during the second quarter valued at approximately $210,000. BB&T Securities LLC purchased a new position in shares of Yirendai during the second quarter valued at approximately $295,000. Renaissance Technologies LLC purchased a new position in shares of Yirendai during the second quarter valued at approximately $488,000. Millennium Management LLC purchased a new position in shares of Yirendai during the first quarter valued at approximately $524,000. Finally, Raymond James & Associates boosted its position in shares of Yirendai by 119.5% during the second quarter. Raymond James & Associates now owns 34,227 shares of the technology company’s stock valued at $726,000 after buying an additional 18,635 shares during the last quarter. 9.68% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the company. Needham & Company LLC cut Yirendai from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. TheStreet upgraded Yirendai from a “d” rating to a “c-” rating in a report on Monday, August 20th. Zacks Investment Research upgraded Yirendai from a “strong sell” rating to a “hold” rating in a report on Saturday, August 25th. Finally, Citigroup lowered Yirendai from a “buy” rating to a “neutral” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.00.
Shares of Yirendai stock opened at $17.11 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of 3.83 and a beta of 3.91. Yirendai Ltd – has a 12 month low of $12.39 and a 12 month high of $47.93.
Yirendai (NYSE:YRD) last issued its quarterly earnings results on Tuesday, August 28th. The technology company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). The business had revenue of $229.60 million for the quarter, compared to the consensus estimate of $231.19 million. Yirendai had a return on equity of 50.11% and a net margin of 19.76%. During the same quarter last year, the business posted $4.45 earnings per share.
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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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