Jiayin Group (NASDAQ:JFIN) Sees Unusually-High Trading Volume – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN) shares saw an uptick in trading volume on Tuesday . 151,983 shares changed hands during trading, an increase of 28% from the previous session’s volume of 118,847 shares.The stock last traded at $14.80 and had previously closed at $14.78.

Jiayin Group Stock Performance

The firm has a market capitalization of $878.47 million, a price-to-earnings ratio of 5.49 and a beta of 1.02. The firm’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $9.63.

Jiayin Group (NASDAQ:JFIN) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.40 earnings per share for the quarter. Jiayin Group had a return on equity of 43.90% and a net margin of 19.17%.

Institutional Trading of Jiayin Group

A number of large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. acquired a new stake in shares of Jiayin Group in the 1st quarter valued at $638,000. Jump Financial LLC bought a new position in Jiayin Group during the 1st quarter valued at about $169,000. Virtu Financial LLC acquired a new position in Jiayin Group in the first quarter valued at about $180,000. Invesco Ltd. acquired a new position in Jiayin Group in the first quarter valued at about $168,000. Finally, XTX Topco Ltd bought a new stake in Jiayin Group during the fourth quarter worth about $109,000. 44.08% of the stock is currently 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.