Jiayin Group (NASDAQ:JFIN) Trading 4.2% Higher – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN)’s share price traded up 4.2% on Tuesday . The stock traded as high as $13.05 and last traded at $13.18. 106,011 shares were traded during trading, a decline of 21% from the average session volume of 134,361 shares. The stock had previously closed at $12.65.

Jiayin Group Stock Performance

The firm has a market capitalization of $740.05 million, a price-to-earnings ratio of 4.56 and a beta of 0.78. The firm’s 50-day moving average price is $9.08 and its two-hundred day moving average price is $7.37.

Hedge Funds Weigh In On Jiayin Group

Several institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Jiayin Group during the 4th quarter worth approximately $109,000. Renaissance Technologies LLC grew its position 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 acquired a new stake in shares of Jiayin Group during the 4th quarter worth approximately $174,000. 44.08% of the stock is 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.