Jiayin Group (NASDAQ:JFIN) Trading Up 10% – Time to Buy?

Shares of Jiayin Group Inc. (NASDAQ:JFIN) were up 10% during mid-day trading on Wednesday . The company traded as high as $10.00 and last traded at $9.82. Approximately 80,697 shares traded hands during trading, a decline of 36% from the average daily volume of 125,157 shares. The stock had previously closed at $8.92.

Jiayin Group Stock Performance

The firm has a market capitalization of $516.45 million, a price-to-earnings ratio of 3.21 and a beta of 0.78. The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $7.03.

Institutional Trading of Jiayin Group

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Jiayin Group in the fourth quarter valued at about $109,000. Renaissance Technologies LLC increased its stake 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 in the last quarter. Finally, LPL Financial LLC acquired a new position in Jiayin Group during the fourth quarter worth $174,000. Hedge funds and other 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.