Jiayin Group (NASDAQ:JFIN) Shares Down 3.1% – What’s Next?

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price fell 3.1% during mid-day trading on Wednesday . The stock traded as low as $13.37 and last traded at $13.13. 7,730 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 99,382 shares. The stock had previously closed at $13.55.

Jiayin Group Price Performance

The business has a 50 day moving average of $10.10 and a 200 day moving average of $7.86. The firm has a market capitalization of $754.54 million, a price-to-earnings ratio of 4.69 and a beta of 0.78.

Jiayin Group (NASDAQ:JFIN) last issued its earnings results on Thursday, March 27th. The company reported $0.72 EPS for the quarter. The firm had revenue of $192.42 million during the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of Jiayin Group during the 4th quarter valued at about $109,000. Renaissance Technologies LLC lifted its stake in Jiayin Group by 10.3% in 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 in the last quarter. Finally, LPL Financial LLC bought a new position in Jiayin Group in the fourth quarter valued at approximately $174,000. 44.08% of the stock is owned by institutional investors and hedge funds.

About Jiayin Group

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.