Jiayin Group (NASDAQ:JFIN) Stock Falls 6% - Here's What Happened

Key Points

• Jiayin Group shares fell 6% to $1.255 during Tuesday trading, with volume below the stock’s average daily level.
• Weiss Ratings downgraded the company from “sell (d+)” to “sell (d),” leaving Jiayin with an overall analyst rating of “Sell.”
• Jiayin reported a quarterly loss of $0.52 per share on $108.46 million in revenue, while institutional investors own approximately 44.08% of its stock.

Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report)'s share price was down 6% on Tuesday. The stock traded as low as $1.25 and last traded at $1.2550. 25,571 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 36,116 shares. The stock had previously closed at $1.3350.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Jiayin Group from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Jiayin Group has an average rating of "Sell".

Jiayin Group Stock Down 6.0%

The company has a market cap of $65.67 million, a price-to-earnings ratio of 1.96 and a beta of 0.90. The business has a fifty day moving average of $1.68 and a two-hundred day moving average of $2.98. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.11.

Jiayin Group (NASDAQ:JFIN - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.52) EPS for the quarter. The firm had revenue of $108.46 million for the quarter. Jiayin Group had a return on equity of 5.02% and a net margin of 5.39%.

Hedge Funds Weigh In On Jiayin Group

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in Jiayin Group by 10.2% during the first quarter. Renaissance Technologies LLC now owns 132,300 shares of the company's stock worth $554,000 after acquiring an additional 12,300 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Jiayin Group by 44.4% during the first quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company's stock worth $524,000 after buying an additional 38,300 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Jiayin Group in the 1st quarter worth $215,000. Ramsey Quantitative Systems acquired a new position in shares of Jiayin Group in the 2nd quarter valued at $118,000. Finally, Leonteq Securities AG purchased a new position in shares of Jiayin Group in the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 44.08% of the company's stock.

Jiayin Group Company Profile

Jiayin Group Inc NASDAQ: JFIN is a China-based fintech company that operates an online consumer finance platform. The company uses technology and data analytics to connect individual borrowers seeking personal loans with financial institutions and other funding partners.

Its platform supports the consumer lending process through services that may include borrower acquisition, credit assessment, risk management, loan facilitation and post-loan servicing. Jiayin focuses primarily on serving China's retail consumer finance market, including borrowers who may have limited access to traditional banking services.

Founded in 2011, Jiayin Group has evolved alongside China's online lending industry and became a publicly traded company on the Nasdaq in 2019.

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