Mckinley Capital Management LLC Delaware Holds Position in Yirendai Ltd. (YRD)
Mckinley Capital Management LLC Delaware continued to hold its position in shares of Yirendai Ltd. (NYSE:YRD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the technology company’s stock at the end of the second quarter. Mckinley Capital Management LLC Delaware’s holdings in Yirendai were worth $375,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Yirendai by 92.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,161 shares of the technology company’s stock valued at $11,754,000 after purchasing an additional 225,794 shares in the last quarter. FMR LLC purchased a new position in shares of Yirendai during the 2nd quarter valued at approximately $300,000. Northern Trust Corp purchased a new position in shares of Yirendai during the 2nd quarter valued at approximately $260,000. TIAA CREF Investment Management LLC purchased a new position in shares of Yirendai during the 2nd quarter valued at approximately $204,000. Finally, AJO LP purchased a new position in shares of Yirendai during the 2nd quarter valued at approximately $627,000. 6.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Yirendai Ltd. (NYSE:YRD) opened at 41.94 on Friday. Yirendai Ltd. has a one year low of $19.85 and a one year high of $45.91. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 12.31 and a beta of 8.56. The company has a 50-day moving average of $39.53 and a 200 day moving average of $29.48.
Yirendai (NYSE:YRD) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.04). The business had revenue of $773.79 million during the quarter, compared to analysts’ expectations of $153.78 million. Yirendai had a return on equity of 80.79% and a net margin of 32.37%. The company’s revenue was up 343.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities analysts forecast that Yirendai Ltd. will post $2.93 earnings per share for the current fiscal year.
The firm also recently disclosed 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 of this dividend is Thursday, September 28th. Yirendai’s payout ratio is 45.40%.
Several research firms have recently weighed in on YRD. ValuEngine raised shares of Yirendai from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised shares of Yirendai from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, August 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target (up previously from $33.00) on shares of Yirendai in a report on Tuesday, August 1st. They noted that the move was a valuation call.
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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