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Jiayin Group (NASDAQ:JFIN) Sees Large Volume Increase - Time to Buy?

Jiayin Group logo with Computer and Technology background

Jiayin Group Inc. (NASDAQ:JFIN - Get Free Report) saw an uptick in trading volume on Tuesday . 151,983 shares traded 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 Trading Up 13.1%

The company has a market cap of $970.80 million, a P/E ratio of 6.06 and a beta of 1.02. The company's fifty day moving average is $12.24 and its 200 day moving average is $9.70.

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

Hedge Funds Weigh In On Jiayin Group

A number of large investors have recently bought and sold shares of JFIN. LPL Financial LLC bought a new stake in Jiayin Group in the fourth quarter valued at approximately $174,000. Renaissance Technologies LLC increased its stake in shares of Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company's stock worth $123,000 after buying an additional 1,799 shares during the period. XTX Topco Ltd bought a new stake in Jiayin Group during the 4th quarter valued at $109,000. Invesco Ltd. bought a new stake in Jiayin Group during the 1st quarter valued at $168,000. Finally, Virtu Financial LLC purchased a new stake in Jiayin Group during the 1st quarter valued at $180,000. 44.08% of the stock is owned by hedge funds and other institutional investors.

Jiayin Group Company Profile

(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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