Nomura Holdings Inc. Purchases Shares of 46,405 Jiayin Group Inc. Sponsored ADR $JFIN

Key Points

• Nomura Holdings Inc. bought a new position in Jiayin Group Inc., acquiring 46,405 shares valued at approximately $638,000, representing about 0.09% ownership.
• Other institutional investors like Renaissance Technologies and Invesco have also increased their stakes, indicating growing interest in Jiayin Group.
• Jiayin Group recently increased its annual dividend from $0.50 to $0.80, showcasing a remarkable dividend yield of 480.0% and a payout ratio of 18.81%.

Nomura Holdings Inc. acquired a new stake in Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,405 shares of the company's stock, valued at approximately $638,000. Nomura Holdings Inc. owned approximately 0.09% of Jiayin Group at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of Jiayin Group by 10.3% in the 4th 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. Invesco Ltd. acquired a new position in Jiayin Group during the first quarter worth about $168,000. Jump Financial LLC acquired a new position in Jiayin Group during the first quarter worth about $169,000. Finally, Virtu Financial LLC purchased a new stake in shares of Jiayin Group in the first quarter valued at about $180,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

Jiayin Group Stock Performance

JFIN stock traded down $0.63 during trading on Friday, hitting $11.60. The stock had a trading volume of 169,236 shares, compared to its average volume of 117,643. The stock has a market cap of $619.09 million, a price-to-earnings ratio of 2.76 and a beta of 0.99. The company's 50 day moving average price is $14.68 and its two-hundred day moving average price is $13.37. Jiayin Group Inc. Sponsored ADR has a 1-year low of $5.05 and a 1-year high of $19.23.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $1.36 EPS for the quarter. The business 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 firm also recently declared an annual dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, July 14th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, July 14th. This represents a dividend yield of 480.0%. This is a boost from Jiayin Group's previous annual dividend of $0.50. Jiayin Group's dividend payout ratio is currently 18.81%.

Analyst Ratings Changes

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

Jiayin Group 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.