Jiayin Group (NASDAQ:JFIN) Stock Price Down 5.7% – Here’s Why

Shares of Jiayin Group Inc. (NASDAQ:JFIN) fell 5.7% during trading on Wednesday . The company traded as low as $10.13 and last traded at $10.12. 77,486 shares changed hands during trading, a decline of 24% from the average session volume of 101,907 shares. The stock had previously closed at $10.73.

Jiayin Group Stock Performance

The firm’s fifty day moving average is $10.59 and its 200 day moving average is $8.12. The company has a market capitalization of $512.96 million, a P/E ratio of 3.19 and a beta of 0.62.

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

Hedge Funds Weigh In On Jiayin Group

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC bought a new stake in shares of Jiayin Group in the 4th quarter valued at about $174,000. Renaissance Technologies LLC lifted its holdings in Jiayin Group by 10.3% during the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock worth $123,000 after buying an additional 1,799 shares during the period. Finally, XTX Topco Ltd bought a new stake in Jiayin Group during the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

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.