Zacks Investment Research Lowers Yirendai (NYSE:YRD) to Hold

Zacks Investment Research lowered shares of Yirendai (NYSE:YRD) from a buy rating to a hold rating in a research note issued to investors on Sunday morning, Zacks.com reports.

According to Zacks, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China. “

YRD has been the subject of several other research reports. Macquarie cut shares of Yirendai from a neutral rating to an underperform rating and set a $6.00 price target for the company. in a report on Wednesday, September 4th. ValuEngine lowered shares of Yirendai from a sell rating to a strong sell rating in a report on Thursday, August 1st.

Shares of Yirendai stock opened at $9.37 on Friday. The company has a market capitalization of $555.13 million, a P/E ratio of 2.09 and a beta of 2.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.84 and a quick ratio of 3.84. The business has a 50-day moving average of $10.05 and a two-hundred day moving average of $13.23. Yirendai has a 1 year low of $8.50 and a 1 year high of $20.96.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.24). The business had revenue of $322.89 million for the quarter. Yirendai had a net margin of 15.30% and a return on equity of 32.93%. On average, equities analysts anticipate that Yirendai will post 2.04 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in YRD. BNP Paribas Arbitrage SA bought a new stake in shares of Yirendai in the first quarter valued at about $103,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Yirendai in the 2nd quarter valued at $143,000. Aperio Group LLC acquired a new stake in Yirendai in the 2nd quarter valued at $158,000. Northern Trust Corp lifted its position in Yirendai by 17.1% during the 2nd quarter. Northern Trust Corp now owns 15,239 shares of the technology company’s stock worth $210,000 after buying an additional 2,228 shares in the last quarter. Finally, Unison Advisors LLC bought a new stake in Yirendai during the 2nd quarter worth about $244,000. 10.78% of the stock is currently owned by hedge funds and other 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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