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Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume - Here's What Happened

Jiayin Group logo with Computer and Technology background

Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) shares saw an uptick in trading volume on Tuesday . 151,983 shares changed hands during mid-day trading, an increase of 28% from the previous session's volume of 118,847 shares.The stock last traded at $14.80 and had previously closed at $14.78.

Jiayin Group Stock Performance

The firm's 50 day moving average is $12.20 and its 200-day moving average is $9.63. The stock has a market capitalization of $858.19 million, a price-to-earnings ratio of 5.36 and a beta of 1.02.

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

Hedge Funds Weigh In On Jiayin Group

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Jiayin Group during the fourth quarter worth $109,000. Renaissance Technologies LLC raised its position in Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after acquiring an additional 1,799 shares during the period. Invesco Ltd. acquired a new position in Jiayin Group during the first quarter worth $168,000. Jump Financial LLC acquired a new position in Jiayin Group during the first quarter worth $169,000. Finally, LPL Financial LLC acquired a new position in Jiayin Group during the fourth quarter worth $174,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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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