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
(
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.
Featured Articles
Before you consider Jiayin Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jiayin Group wasn't on the list.
While Jiayin Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
