Jiayin Group (NASDAQ:JFIN) Announces Quarterly 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) posted its quarterly earnings results on Wednesday. The company reported $1.36 EPS for the quarter, Zacks reports. Jiayin Group had a net margin of 24.60% and a return on equity of 47.37%. The firm had revenue of $263.30 million for the quarter.

Jiayin Group Stock Up 6.1%

Shares of NASDAQ JFIN traded up $0.81 during midday trading on Friday, reaching $14.09. 110,805 shares of the company's stock traded hands, compared to its average volume of 118,207. 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 has a one year low of $5.00 and a one year high of $19.23. The stock's 50 day simple moving average is $15.42 and its 200-day simple moving average is $13.12.

Jiayin Group Increases Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Jiayin Group during the 2nd quarter worth $340,000. American Century Companies Inc. purchased a new position in Jiayin Group in the second quarter valued at about $199,000. Finally, Raymond James Financial Inc. bought a new position in Jiayin Group in the second quarter worth about $63,000. 44.08% of the stock is currently owned by hedge funds and other institutional investors.

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.