Jiayin Group (NASDAQ:JFIN) Posts Earnings Results

Key Points

• Jiayin Group reported a quarterly earnings per share (EPS) of $1.36, with a net margin of 21.66% and a return on equity of 42.68%.
• The company announced a dividend of $0.80, marking an increase from the previous dividend of $0.50, resulting in a substantial 480.0% dividend yield.
• Wall Street analysts upgraded Jiayin Group's stock rating from "hold" to "strong-buy", indicating positive sentiment for the company's future prospects.

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

Jiayin Group Stock Up 2.7%

Jiayin Group stock traded up $0.3850 during trading hours on Monday, hitting $14.4750. The stock had a trading volume of 57,840 shares, compared to its average volume of 149,244. The stock has a market cap of $772.53 million, a price-to-earnings ratio of 3.45 and a beta of 1.02. Jiayin Group has a one year low of $5.00 and a one year high of $19.23. The business's 50 day simple moving average is $15.42 and its 200-day simple moving average is $13.18.

Jiayin Group Increases Dividend

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Jiayin Group

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Jiayin Group in the second quarter valued at about $63,000. American Century Companies Inc. bought a new position in shares of Jiayin Group during the second quarter worth about $199,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Jiayin Group during the second quarter worth about $340,000. 44.08% of the stock is currently owned by institutional investors.

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.