Jiayin Group (NASDAQ:JFIN) Trading Up 5.8% – Time to Buy?

Jiayin Group Inc. (NASDAQ:JFIN)’s share price rose 5.8% on Tuesday . The company traded as high as $9.78 and last traded at $9.84. Approximately 3,735 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 90,581 shares. The stock had previously closed at $9.30.

Jiayin Group Stock Down 1.0 %

The business has a 50 day moving average price of $8.53 and a 200 day moving average price of $7.14. The stock has a market cap of $544.85 million, a P/E ratio of 3.38 and a beta of 0.78.

Hedge Funds Weigh In On Jiayin Group

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Jiayin Group in the 4th quarter worth $109,000. Renaissance Technologies LLC increased its stake in shares of Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after buying an additional 1,799 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Jiayin Group during the fourth quarter valued at $174,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

Jiayin Group Company Profile

Jiayin Group Inc, together with its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates connections between individual borrowers and financial institutions. It also offers referral services for investment products offered by the financial service providers; and technology development and services, as well as guarantee services.