Nomura Holdings Inc. Buys New Stake in 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 position in shares of Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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.

A number of other institutional investors have also modified their holdings of JFIN. Renaissance Technologies LLC increased its holdings 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 during the last quarter. Invesco Ltd. acquired a new position in shares of Jiayin Group in the 1st quarter worth approximately $168,000. Virtu Financial LLC bought a new stake in shares of Jiayin Group in the 1st quarter valued at approximately $180,000. Finally, Jump Financial LLC acquired a new stake in shares of Jiayin Group during the 1st quarter valued at approximately $169,000. Institutional investors and hedge funds own 44.08% of the company's stock.

Analyst Ratings Changes

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

Jiayin Group Trading Down 1.0%

JFIN traded down $0.11 during trading on Wednesday, reaching $10.75. 235,182 shares of the company were exchanged, compared to its average volume of 123,016. The stock has a market cap of $573.73 million, a P/E ratio of 2.56 and a beta of 0.99. The firm has a 50 day moving average of $14.35 and a 200 day moving average of $13.37. Jiayin Group Inc. Sponsored ADR has a 52 week low of $5.18 and a 52 week high of $19.23.

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

Jiayin Group Increases Dividend

The company also recently announced 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. This represents a yield of 480.0%. The ex-dividend date of this dividend was Monday, July 14th. This is a positive change from Jiayin Group's previous annual dividend of $0.50. Jiayin Group's dividend payout ratio (DPR) is presently 18.81%.

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.