Jiayin Group (NASDAQ:JFIN) Stock Price Down 0.8%

Shares of Jiayin Group Inc. (NASDAQ:JFIN) dropped 0.8% during mid-day trading on Friday . The stock traded as low as $6.17 and last traded at $6.18. Approximately 26,239 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 63,774 shares. The stock had previously closed at $6.23.

Jiayin Group Price Performance

The stock has a 50-day moving average of $6.54 and a 200-day moving average of $6.14. The firm has a market cap of $331.80 million, a price-to-earnings ratio of 1.84 and a beta of 0.97.

Jiayin Group (NASDAQ:JFIN) last released its earnings results on Thursday, June 6th. The company reported $0.72 earnings per share (EPS) for the quarter. Jiayin Group had a return on equity of 58.72% and a net margin of 22.18%. The company had revenue of $204.33 million for the quarter.

Institutional Trading of Jiayin Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners bought a new stake in shares of Jiayin Group during the first quarter worth $439,000. Advisors Preferred LLC acquired a new position in Jiayin Group in the 1st quarter worth about $98,000. EWA LLC acquired a new position in Jiayin Group in the 4th quarter worth about $64,000. Finally, QRG Capital Management Inc. raised its position in Jiayin Group by 45.5% in the fourth quarter. QRG Capital Management Inc. now owns 16,082 shares of the company’s stock valued at $83,000 after purchasing an additional 5,031 shares during the last quarter. 44.08% of the stock is currently owned by institutional investors.

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.