Todays Report: Today: IndexIQ Advisors LLC Buys Shares of 18,543 Yadkin Financial Corp. (YDKN)

Today: IndexIQ Advisors LLC Buys Shares of 18,543 Yadkin Financial Corp. (YDKN)

IndexIQ Advisors LLC bought a new stake in Yadkin Financial Corp. (NYSE:YDKN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,543 shares of the company’s stock, valued at approximately $487,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of Yadkin Financial Corp. by 66.1% in the first quarter. BlackRock Fund Advisors now owns 1,095,895 shares of the company’s stock valued at $25,940,000 after buying an additional 436,287 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in shares of Yadkin Financial Corp. by 14.8% in the second quarter. Monarch Partners Asset Management LLC now owns 146,230 shares of the company’s stock valued at $3,669,000 after buying an additional 18,901 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Yadkin Financial Corp. by 24.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,912 shares of the company’s stock valued at $2,131,000 after buying an additional 16,700 shares during the last quarter. Swiss National Bank boosted its position in shares of Yadkin Financial Corp. by 2.3% in the second quarter. Swiss National Bank now owns 74,166 shares of the company’s stock valued at $1,861,000 after buying an additional 1,700 shares during the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in shares of Yadkin Financial Corp. by 168.7% in the second quarter. Moody Aldrich Partners LLC now owns 92,185 shares of the company’s stock valued at $2,313,000 after buying an additional 57,875 shares during the last quarter. 68.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yadkin Financial Corp. (NYSE:YDKN) traded down 1.29% during mid-day trading on Monday, reaching $32.07. The company had a trading volume of 38,522 shares. Yadkin Financial Corp. has a 52 week low of $20.42 and a 52 week high of $32.77. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 26.07 and a beta of 1.10. The stock has a 50 day moving average of $28.51 and a 200-day moving average of $26.38.

Yadkin Financial Corp. (NYSE:YDKN) last issued its earnings results on Wednesday, October 19th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Yadkin Financial Corp. had a return on equity of 7.96% and a net margin of 17.86%. On average, analysts expect that Yadkin Financial Corp. will post $1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Thursday, November 10th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.23%. Yadkin Financial Corp.’s dividend payout ratio is currently 32.52%.

YDKN has been the topic of several recent research reports. Zacks Investment Research raised Yadkin Financial Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 26th. Stephens downgraded Yadkin Financial Corp. from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research note on Wednesday, September 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.56.

About Yadkin Financial Corp.

Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and consumers across the Carolinas.

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