Shares of Yirendai Ltd – (NYSE:YRD) were down 3% during mid-day trading on Thursday . The company traded as low as $23.81 and last traded at $23.14. Approximately 11,402 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 613,920 shares. The stock had previously closed at $23.85.

A number of equities analysts have commented on YRD shares. Deutsche Bank started coverage on shares of Yirendai in a report on Monday, April 9th. They issued a “hold” rating for the company. ValuEngine downgraded shares of Yirendai from a “buy” rating to a “hold” rating in a report on Tuesday, May 29th. TheStreet downgraded shares of Yirendai from a “b-” rating to a “c” rating in a report on Thursday, April 12th. Needham & Company LLC decreased their price objective on shares of Yirendai from $50.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, May 29th. Finally, Zacks Investment Research raised shares of Yirendai from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.00.

The firm has a market capitalization of $1.53 billion, a P/E ratio of 6.71 and a beta of 4.95.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Thursday, May 24th. The technology company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.73. The firm had revenue of $253.90 million during the quarter, compared to the consensus estimate of $250.75 million. Yirendai had a net margin of 21.93% and a return on equity of 51.90%. During the same quarter in the previous year, the company posted $5.81 earnings per share. analysts anticipate that Yirendai Ltd – will post 4.85 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th were issued a $0.28 dividend. The ex-dividend date was Friday, April 27th. Yirendai’s dividend payout ratio is presently 15.07%.

Several institutional investors and hedge funds have recently made changes to their positions in YRD. Bank of Montreal Can boosted its holdings in shares of Yirendai by 51.9% during the fourth quarter. Bank of Montreal Can now owns 13,090 shares of the technology company’s stock valued at $576,000 after acquiring an additional 4,471 shares during the period. APG Asset Management N.V. acquired a new position in shares of Yirendai during the fourth quarter valued at $1,604,000. Penserra Capital Management LLC acquired a new position in shares of Yirendai during the fourth quarter valued at $5,629,000. Global X Management Co. LLC boosted its holdings in shares of Yirendai by 180.6% during the fourth quarter. Global X Management Co. LLC now owns 35,693 shares of the technology company’s stock valued at $1,569,000 after acquiring an additional 22,975 shares during the period. Finally, State of Wisconsin Investment Board acquired a new position in shares of Yirendai during the fourth quarter valued at $5,899,000. 11.72% of the stock is owned by institutional investors.

About Yirendai

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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