River & Mercantile Asset Management LLP Increases Stake in Yirendai Ltd – (YRD)

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River & Mercantile Asset Management LLP grew its stake in shares of Yirendai Ltd – (NYSE:YRD) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,085 shares of the technology company’s stock after purchasing an additional 6,985 shares during the period. River & Mercantile Asset Management LLP owned approximately 0.16% of Yirendai worth $1,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Yirendai during the 2nd quarter valued at about $210,000. Millennium Management LLC bought a new stake in shares of Yirendai during the 1st quarter valued at about $524,000. BB&T Securities LLC bought a new stake in shares of Yirendai during the 2nd quarter valued at about $295,000. Renaissance Technologies LLC bought a new stake in shares of Yirendai during the 2nd quarter valued at about $488,000. Finally, Raymond James & Associates boosted its stake in shares of Yirendai by 119.5% during the 2nd quarter. Raymond James & Associates now owns 34,227 shares of the technology company’s stock valued at $726,000 after purchasing an additional 18,635 shares in the last quarter. 11.64% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:YRD opened at $14.62 on Friday. Yirendai Ltd – has a one year low of $12.39 and a one year high of $47.93. The stock has a market cap of $933.74 million, a P/E ratio of 4.24 and a beta of 3.90.

Yirendai (NYSE:YRD) last posted its quarterly earnings data on Monday, November 12th. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). Yirendai had a return on equity of 40.40% and a net margin of 18.56%. The business had revenue of $163.20 million for the quarter, compared to the consensus estimate of $179.48 million. During the same period in the previous year, the firm earned $0.74 EPS. The company’s revenue was down 28.3% on a year-over-year basis.

A number of brokerages have recently weighed in on YRD. Needham & Company LLC lowered shares of Yirendai from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. TheStreet raised shares of Yirendai from a “d” rating to a “c-” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of Yirendai from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 25th. Finally, Citigroup lowered shares of Yirendai from a “buy” rating to a “neutral” rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

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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.

See Also: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Yirendai (NYSE:YRD)

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