Jiayin Group (NASDAQ:JFIN) Shares Up 6.2% - Still a Buy?

Key Points

• Jiayin Group Inc.'s stock price increased by 6.2% on Wednesday, closing at $11.59, following a notable upgrade from a "hold" to a "strong-buy" rating by Wall Street Zen.
• The company reported a quarterly earnings per share of $1.36, with a revenue of $263.30 million and a net margin of 24.60% in its latest earnings report.
• Jiayin Group has declared an increased annual dividend of $0.80, up from $0.50, resulting in a substantial dividend yield of 480.0%.

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report) shares were up 6.2% during mid-day trading on Wednesday . The company traded as high as $11.77 and last traded at $11.59. Approximately 42,105 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 147,058 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

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

Jiayin Group Price Performance

The stock has a fifty day moving average price of $13.34 and a two-hundred day moving average price of $13.48. The company has a market cap of $587.07 million, a P/E ratio of 2.62 and a beta of 0.99.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The company reported $1.36 EPS for the quarter. The company 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 Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, July 24th. Investors of record on Monday, July 14th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, July 14th. This represents a yield of 480.0%. This is a boost from Jiayin Group's previous annual dividend of $0.50. Jiayin Group's dividend payout ratio (DPR) is presently 18.81%.

Institutional Trading of Jiayin Group

A number of hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new stake in Jiayin Group during the 1st quarter valued at $638,000. JPMorgan Chase & Co. purchased a new stake in shares of Jiayin Group in the 2nd quarter worth $340,000. Virtu Financial LLC purchased a new stake in shares of Jiayin Group in the 1st quarter worth $180,000. American Century Companies Inc. purchased a new stake in shares of Jiayin Group in the 2nd quarter worth $199,000. Finally, Jump Financial LLC purchased a new stake in Jiayin Group in the 1st quarter worth $169,000. 44.08% of the stock is owned by 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.