Jiayin Group (NASDAQ:JFIN) Posts Quarterly Earnings Results, Beats Expectations By $0.93 EPS

Jiayin Group (NASDAQ:JFIN – Get Rating) issued its earnings results on Wednesday. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.93, Fidelity Earnings reports. Jiayin Group had a net margin of 26.89% and a negative return on equity of 514.92%. During the same quarter last year, the company posted $0.28 EPS.

NASDAQ:JFIN opened at $2.24 on Friday. Jiayin Group has a 12 month low of $1.57 and a 12 month high of $6.84. The company’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.28. The firm has a market cap of $121.03 million, a PE ratio of 1.48 and a beta of 1.36.

Separately, Zacks Investment Research upgraded shares of Jiayin Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 2nd.

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Jiayin Group during the third quarter worth approximately $329,000. Dimensional Fund Advisors LP bought a new stake in shares of Jiayin Group during the third quarter worth approximately $198,000. Millennium Management LLC bought a new stake in shares of Jiayin Group during the fourth quarter worth approximately $43,000. Envestnet Asset Management Inc. raised its stake in shares of Jiayin Group by 31.3% during the first quarter. Envestnet Asset Management Inc. now owns 30,509 shares of the company’s stock worth $85,000 after buying an additional 7,272 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Jiayin Group by 15.8% during the second quarter. Citadel Advisors LLC now owns 23,895 shares of the company’s stock worth $126,000 after buying an additional 3,256 shares during the last quarter. Institutional investors own 44.09% of the company’s stock.

About Jiayin Group (Get Rating)

Jiayin Group Inc provides online consumer finance services in the People's Republic of China. The company operates a fintech platform that facilitates transparent, secure, and fast connections between individual borrowers and financial institutions funding partners. It also provides referral services for investment products offered by the financial service providers; and software development, risk control, marketing support, and IT assistance services.

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