ValuEngine Lowers Yirendai (NYSE:YRD) to Strong Sell

ValuEngine lowered shares of Yirendai (NYSE:YRD) from a sell rating to a strong sell rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research cut Yirendai from a buy rating to a hold rating in a research report on Saturday, April 13th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $15.00.

Yirendai stock traded up $0.06 during mid-day trading on Thursday, reaching $10.77. 81,856 shares of the stock traded hands, compared to its average volume of 240,616. The firm has a market capitalization of $649.80 million, a PE ratio of 2.40 and a beta of 2.69. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.14. Yirendai has a 12-month low of $9.61 and a 12-month high of $21.55. The firm’s 50-day simple moving average is $12.74.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC purchased a new position in shares of Yirendai during the second quarter worth about $158,000. Granite Point Capital Management L.P. grew its holdings in shares of Yirendai by 241.4% during the second 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. Unison Advisors LLC purchased a new position in shares of Yirendai during the second quarter worth about $244,000. Penserra Capital Management LLC grew its holdings in shares of Yirendai by 1.5% during the first 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 last quarter. Finally, Advisors Preferred LLC purchased a new position in shares of Yirendai during the first quarter worth about $119,000. Institutional investors and hedge funds own 10.30% of the company’s stock.

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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