Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report)'s stock price dropped 7.2% during mid-day trading on Friday . The stock traded as low as $15.00 and last traded at $14.69. Approximately 25,091 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 153,663 shares. The stock had previously closed at $15.84.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Jiayin Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th.
Get Our Latest Research Report on Jiayin Group
Jiayin Group Stock Down 1.3%
The company has a fifty day simple moving average of $16.24 and a two-hundred day simple moving average of $12.48. The stock has a market capitalization of $753.58 million, a P/E ratio of 4.10 and a beta of 0.97.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. The firm had revenue of $244.68 million for the quarter. Jiayin Group had a return on equity of 42.68% and a net margin of 21.66%.
Jiayin Group Increases Dividend
The company also recently declared a -- dividend, which was paid on Thursday, July 24th. Stockholders of record on Monday, July 14th were issued a $0.80 dividend. This represents a dividend yield of 4.8%. This is a positive change from Jiayin Group's previous -- dividend of $0.50. The ex-dividend date was Monday, July 14th. Jiayin Group's payout ratio is 37.21%.
Institutional Trading of Jiayin Group
A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings 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 valued at $123,000 after purchasing an additional 1,799 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Jiayin Group in the second quarter valued at about $100,000. Invesco Ltd. acquired a new stake in shares of Jiayin Group in the first quarter valued at about $168,000. Jump Financial LLC acquired a new stake in shares of Jiayin Group in the first quarter valued at about $169,000. Finally, Virtu Financial LLC bought a new stake in Jiayin Group in the first quarter valued at approximately $180,000. 44.08% of the stock is currently owned by institutional investors.
About Jiayin Group
(
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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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