Jiayin Group (NASDAQ:JFIN) Trading Up 0.6% - Still a Buy?

Key Points

• Jiayin Group Inc.'s shares rose 0.6% to $10.32, despite a significant decrease in trading volume.
• Wall Street Zen upgraded Jiayin Group from a "hold" to a "strong-buy" rating, indicating positive sentiment among analysts.
• The company recently increased its annual dividend from $0.50 to $0.80, representing a substantial yield of 480.0%.

Shares of Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report) traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $10.47 and last traded at $10.32. 53,492 shares were traded during trading, a decline of 54% from the average session volume of 115,852 shares. The stock had previously closed at $10.26.

Wall Street Analyst Weigh In

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

Jiayin Group Trading Up 0.6%

The company has a market cap of $550.78 million, a price-to-earnings ratio of 2.46 and a beta of 0.99. The company's 50 day moving average price is $12.48 and its 200 day moving average price is $13.51.

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

Jiayin Group Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, July 14th were given a $0.80 dividend. The ex-dividend date was Monday, July 14th. This is a positive change from Jiayin Group's previous annual dividend of $0.50. This represents a yield of 480.0%. Jiayin Group's dividend payout ratio (DPR) is currently 18.81%.

Hedge Funds Weigh In On Jiayin Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Jiayin Group in the second quarter valued at about $63,000. Allworth Financial LP grew its holdings in shares of Jiayin Group by 14,985.7% in the 2nd quarter. Allworth Financial LP now owns 4,224 shares of the company's stock worth $68,000 after acquiring an additional 4,196 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Jiayin Group in the 2nd quarter valued at approximately $100,000. Invesco Ltd. acquired a new position in Jiayin Group during the first quarter worth $168,000. Finally, Jump Financial LLC purchased a new stake in Jiayin Group during the first quarter worth $169,000. 44.08% of the stock is owned by institutional investors and hedge funds.

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.

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