Jiayin Group (NASDAQ:JFIN) Sees Large Volume Increase – Here’s Why

Jiayin Group Inc. (NASDAQ:JFIN) saw unusually-strong trading volume on Friday . Approximately 151,777 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 99,133 shares.The stock last traded at $14.25 and had previously closed at $14.84.

Jiayin Group Stock Performance

The company has a 50-day moving average of $9.71 and a 200-day moving average of $7.65. The stock has a market cap of $749.71 million, a price-to-earnings ratio of 4.66 and a beta of 0.78.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings results on Thursday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter. Jiayin Group had a net margin of 19.17% and a return on equity of 43.90%. The company had revenue of $192.42 million during the quarter.

Hedge Funds Weigh In On Jiayin Group

Several institutional investors and hedge funds have recently modified their holdings of JFIN. LPL Financial LLC purchased a new stake in Jiayin Group in the 4th quarter valued at about $174,000. XTX Topco Ltd purchased a new position in shares of Jiayin Group in the 4th quarter worth $109,000. Finally, Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 1,799 shares during the last quarter. 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.