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Jiayin Group (NASDAQ:JFIN) Sets New 52-Week High - Here's Why

Jiayin Group logo with Computer and Technology background

Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.68 and last traded at $16.37, with a volume of 300493 shares. The stock had previously closed at $15.20.

Jiayin Group Stock Down 2.3%

The company has a market capitalization of $858.19 million, a price-to-earnings ratio of 5.36 and a beta of 1.02. The stock has a fifty day moving average price of $12.20 and a two-hundred day moving average price of $9.63.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.40 earnings per share (EPS) for the quarter. The firm had revenue of $244.68 million during the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%.

Hedge Funds Weigh In On Jiayin Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Jiayin Group in the 4th quarter valued at about $109,000. Renaissance Technologies LLC raised its stake 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 valued at $123,000 after purchasing an additional 1,799 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Jiayin Group in the 4th quarter valued at about $174,000. Invesco Ltd. acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $168,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $638,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

About Jiayin Group

(Get Free Report)

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.

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