Jiayin Group (NASDAQ:JFIN) Trading Up 6.2% - Should You 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)'s stock price was up 6.2% during trading on Wednesday . The company traded as high as $11.77 and last traded at $11.59. Approximately 42,105 shares changed hands during trading, a decline of 71% from the average daily volume of 147,058 shares. The stock had previously closed at $10.91.

Analysts Set New Price Targets

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

Jiayin Group Price Performance

The company has a market cap of $586.54 million, a P/E ratio of 2.62 and a beta of 0.99. The firm's 50-day moving average is $13.48 and its two-hundred day moving average is $13.44.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported $1.36 earnings per share for the quarter. Jiayin Group had a net margin of 24.60% and a return on equity of 47.37%. The business had revenue of $263.30 million for the quarter.

Jiayin Group Increases Dividend

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

Institutional Investors Weigh In On Jiayin Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JFIN. Nomura Holdings Inc. acquired a new position in shares of Jiayin Group in the 1st quarter worth approximately $638,000. JPMorgan Chase & Co. bought a new stake in shares of Jiayin Group in the 2nd quarter worth $340,000. Virtu Financial LLC bought a new stake in shares of Jiayin Group in the 1st quarter worth $180,000. American Century Companies Inc. acquired a new position in shares of Jiayin Group in the 2nd quarter worth $199,000. Finally, Jump Financial LLC purchased a new position in shares of Jiayin Group during the first quarter valued at $169,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

About Jiayin Group

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.