Jiayin Group (NASDAQ:JFIN) Trading Down 2.3% - Here's Why
Jiayin Group (NASDAQ:JFIN) shares fell 2.3% to $12.78, with a trading volume decline of 10%. Wall Street Zen upgraded the stock from "hold" to "strong-buy". The company reported $1.40 EPS and a revenue of $244.68 million for the last quarter. Jiayin Group declared a dividend of $0.80 per share, yielding 480.0%. Institutional investors hold 44.08% of the stock. Despite the downgrade, analysts suggest other stocks may be better investments.
Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN - Get Free Report) shares fell 2.3% on Monday . The stock traded as low as $12.62 and last traded at $12.78. 92,408 shares were traded during trading, a decline of 10% from the average session volume of 102,120 shares. The stock had previously closed at $13.08.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Jiayin Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 6th.
Get Our Latest Report on JFIN
Jiayin Group Price Performance
The stock has a market cap of $682.07 million, a P/E ratio of 3.72 and a beta of 1.02. The business's fifty day moving average price is $16.29 and its 200 day moving average price is $12.69.
Jiayin Group (NASDAQ:JFIN - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 42.68% and a net margin of 21.66%. The company had revenue of $244.68 million during the quarter.
Jiayin Group Increases Dividend
The company also recently declared a -- dividend, which was paid on Thursday, July 24th. Shareholders of record on Monday, July 14th were issued a dividend of $0.80 per share. This represents a yield of 480.0%. The ex-dividend date was Monday, July 14th. This is a positive change from Jiayin Group's previous -- dividend of $0.50. Jiayin Group's dividend payout ratio (DPR) is 37.21%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Jiayin Group during the 2nd quarter worth approximately $100,000. XTX Topco Ltd acquired a new stake in Jiayin Group in the 4th quarter valued at $109,000. Renaissance Technologies LLC grew its position in Jiayin Group by 10.3% in the 4th 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 during the period. Invesco Ltd. acquired a new stake in Jiayin Group in the 1st quarter valued at $168,000. Finally, Jump Financial LLC acquired a new stake in Jiayin Group in the 1st quarter valued at $169,000. Institutional investors own 44.08% of the company's stock.
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.
Read More
- Five stocks we like better than Jiayin Group
- Most active stocks: Dollar volume vs share volume
- Analysts Make a Quantum Bet on D-Wave's Cryogenic Packaging
- The 3 Best Blue-Chip Stocks to Buy Now
- Traders Turn Bullish on Housing Stocks Again—3 Leading the Way
- Energy and Oil Stocks Explained
- Onsemi’s August Pullback Is a Signal to Buy for Tech Investors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Jiayin Group Right Now?
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
