Zacks Investment Research cut shares of Yirendai (NYSE:YRD) from a buy rating to a hold rating in a report published on Sunday, Zacks.com reports.

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

Other equities research analysts also recently issued reports about the company. Macquarie downgraded Yirendai from a neutral rating to an underperform rating and set a $6.00 price objective on the stock. in a report on Wednesday, September 4th. ValuEngine lowered Yirendai from a sell rating to a strong sell rating in a research report on Thursday, August 1st.

NYSE:YRD opened at $9.27 on Friday. 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 firm has a 50-day moving average of $10.00 and a two-hundred day moving average of $13.21. The stock has a market cap of $575.82 million, a P/E ratio of 2.07 and a beta of 2.74. Yirendai has a 1-year low of $8.50 and a 1-year high of $20.96.

Yirendai (NYSE:YRD) last announced its earnings results on Tuesday, September 3rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.24). The business had revenue of $322.89 million for the quarter. Yirendai had a return on equity of 32.93% and a net margin of 15.30%. As a group, equities analysts expect that Yirendai will post 2.04 earnings per share for the current year.

Several large investors have recently made changes to their positions in YRD. BNP Paribas Arbitrage SA bought a new position in Yirendai in the first quarter worth about $103,000. Penserra Capital Management LLC raised its position in shares of Yirendai by 1.5% during the 1st quarter. Penserra Capital Management LLC now owns 101,673 shares of the technology company’s stock worth $1,378,000 after purchasing an additional 1,538 shares during the period. Unison Advisors LLC bought a new stake in shares of Yirendai in the 2nd quarter worth approximately $244,000. Granite Point Capital Management L.P. lifted its holdings in shares of Yirendai by 241.4% in the 2nd quarter. Granite Point Capital Management L.P. now owns 191,278 shares of the technology company’s stock worth $2,632,000 after purchasing an additional 135,243 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in Yirendai during the 2nd quarter valued at approximately $158,000. 10.78% of the stock is owned by institutional investors and hedge funds.

Yirendai Company Profile

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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