Jiayin Group Inc. Sponsored ADR (NASDAQ:JFIN – Get Free Report) shares dropped 5.8% on Tuesday . The company traded as low as $2.73 and last traded at $2.76. Approximately 53,025 shares were traded during trading, a decline of 51% from the average session volume of 108,989 shares. The stock had previously closed at $2.93.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Jiayin Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Analysis on Jiayin Group
Jiayin Group Stock Down 5.8%
Jiayin Group (NASDAQ:JFIN – Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.33). Jiayin Group had a net margin of 17.79% and a return on equity of 21.67%. The business had revenue of $109.75 million during the quarter, compared to analyst estimates of $53.40 million.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in shares of Jiayin Group by 10.2% in the first quarter. Renaissance Technologies LLC now owns 132,300 shares of the company’s stock valued at $554,000 after buying an additional 12,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jiayin Group by 44.4% in the first quarter. Dimensional Fund Advisors LP now owns 124,580 shares of the company’s stock valued at $524,000 after buying an additional 38,300 shares during the period. Marshall Wace LLP acquired a new stake in Jiayin Group during the fourth quarter worth approximately $392,000. Trexquant Investment LP grew its position in Jiayin Group by 85.6% during the fourth quarter. Trexquant Investment LP now owns 65,516 shares of the company’s stock worth $380,000 after buying an additional 30,207 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Jiayin Group by 154.0% during the 4th quarter. Millennium Management LLC now owns 51,404 shares of the company’s stock worth $298,000 after acquiring an additional 31,169 shares during the period. 44.08% of the stock is owned by institutional investors.
About Jiayin Group
Jiayin Group (NASDAQ: JFIN) is a China-based, technology-driven consumer finance marketplace that connects individual borrowers with institutional lenders. The company’s online platform leverages proprietary credit scoring models, big data analytics and AI‐powered risk management tools to streamline the loan application, approval and disbursement processes. By integrating end-to-end services—including borrower acquisition, credit assessment, loan servicing and collection—Jiayin Group provides a comprehensive fintech solution for unsecured personal loans.
Through its platform, Jiayin Group offers financial institutions access to an underserved segment of the consumer credit market, particularly in third- and fourth‐tier cities across China.
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