Jiayin Group (NASDAQ:JFIN) Hits New 1-Year High – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $12.00 and last traded at $11.82, with a volume of 330531 shares. The stock had previously closed at $9.83.

Jiayin Group Stock Up 20.2 %

The company’s 50-day moving average is $8.70 and its 200 day moving average is $7.22. The company has a market cap of $634.56 million, a price-to-earnings ratio of 3.94 and a beta of 0.78.

Institutional Investors Weigh In On Jiayin Group

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Jiayin Group during the fourth quarter worth approximately $109,000. Renaissance Technologies LLC raised its stake in shares of Jiayin Group by 10.3% during the 4th 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, LPL Financial LLC purchased a new position in shares of Jiayin Group during the 4th quarter valued at approximately $174,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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.