Jiayin Group (NASDAQ:JFIN) Shares Gap Up – Here’s Why

Shares of Jiayin Group Inc. (NASDAQ:JFIN) gapped up prior to trading on Tuesday . The stock had previously closed at $12.25, but opened at $12.74. Jiayin Group shares last traded at $12.67, with a volume of 41,517 shares changing hands.

Jiayin Group Trading Up 2.5%

The firm’s 50-day moving average price is $11.86 and its 200 day moving average price is $9.07. The company has a market capitalization of $670.06 million, a price-to-earnings ratio of 4.17 and a beta of 0.87.

Jiayin Group (NASDAQ:JFIN) last announced its quarterly earnings data 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 business had revenue of $192.42 million for the quarter.

Hedge Funds Weigh In On Jiayin Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. acquired a new position in shares of Jiayin Group during the first quarter worth $638,000. LPL Financial LLC acquired a new position in Jiayin Group during the 4th quarter worth about $174,000. Renaissance Technologies LLC grew its position in shares of 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 buying an additional 1,799 shares during the last quarter. XTX Topco Ltd acquired a new stake in Jiayin Group during the 4th quarter valued at approximately $109,000. Finally, Virtu Financial LLC acquired a new stake in shares of Jiayin Group during the first quarter worth $180,000. 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.