Boston Partners Sells 29,425 Shares of Jiayin Group Inc. Sponsored ADR $JFIN

Key Points

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Boston Partners reduced its stake in Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Free Report) by 43.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,937 shares of the company's stock after selling 29,425 shares during the period. Boston Partners owned 0.07% of Jiayin Group worth $521,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in Jiayin Group in the first quarter worth about $180,000. Invesco Ltd. bought a new position in Jiayin Group in the first quarter worth about $168,000. XTX Topco Ltd bought a new position in Jiayin Group in the fourth quarter worth about $109,000. Renaissance Technologies LLC raised 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 worth $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 worth about $174,000. 44.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Jiayin Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 6th.

Jiayin Group Stock Up 6.1%

Shares of NASDAQ JFIN traded up $0.81 on Friday, reaching $14.09. 110,805 shares of the company's stock traded hands, compared to its average volume of 106,629. Jiayin Group Inc. Sponsored ADR has a 12 month low of $5.00 and a 12 month high of $19.23. The business's 50 day simple moving average is $15.42 and its two-hundred day simple moving average is $13.18. The company has a market cap of $751.98 million, a price-to-earnings ratio of 3.35 and a beta of 1.02.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The company reported $1.36 earnings per share for the quarter. The company had revenue of $263.30 million during the quarter. Jiayin Group had a net margin of 24.60% and a return on equity of 47.37%.

Jiayin Group Increases Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 24th. Investors of record on Monday, July 14th were given a dividend of $0.80 per share. This represents a dividend yield of 480.0%. This is an increase from Jiayin Group's previous -- dividend of $0.50. The ex-dividend date of this dividend was Monday, July 14th. Jiayin Group's payout ratio is 30.48%.

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.