E Fund Management Hong Kong Co. Ltd. Acquires Shares of 6,243 Jiayin Group Inc. Sponsored ADR $JFIN

E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN) during the second quarter, Holdings Channel reports. The fund bought 6,243 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new position in shares of Jiayin Group during the 1st quarter valued at approximately $638,000. Virtu Financial LLC purchased a new position in shares of Jiayin Group during the 1st quarter valued at approximately $180,000. Jump Financial LLC purchased a new position in shares of Jiayin Group during the 1st quarter valued at approximately $169,000. Finally, Invesco Ltd. purchased a new position in shares of Jiayin Group during the 1st quarter valued at approximately $168,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Jiayin Group in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Jiayin Group currently has an average rating of “Buy”.

Jiayin Group Price Performance

JFIN stock opened at $11.33 on Thursday. The business has a 50 day simple moving average of $12.04 and a 200-day simple moving average of $13.45. The firm has a market capitalization of $604.68 million, a PE ratio of 2.70 and a beta of 0.87. Jiayin Group Inc. Sponsored ADR has a 1 year low of $5.18 and a 1 year high of $19.23.

Jiayin Group (NASDAQ:JFIN) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $1.36 earnings per share (EPS) for the quarter. The business had revenue of $263.30 million during the quarter. Jiayin Group had a return on equity of 47.37% and a net margin of 24.60%.

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.