Jiayin Group (NASDAQ:JFIN) Hits New 12-Month High – Here’s What Happened

Jiayin Group Inc. (NASDAQ:JFIN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $10.76 and last traded at $10.13, with a volume of 66182 shares trading hands. The stock had previously closed at $9.77.

Jiayin Group Stock Down 1.2 %

The stock has a market capitalization of $518.06 million, a price-to-earnings ratio of 3.22 and a beta of 0.78. The stock’s 50-day simple moving average is $8.19 and its 200 day simple moving average is $7.01.

Hedge Funds Weigh In On Jiayin Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Jiayin Group by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after buying an additional 1,799 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Jiayin Group during the fourth quarter valued at approximately $174,000. Finally, XTX Topco Ltd bought a new stake in shares of Jiayin Group during the fourth quarter valued at approximately $109,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.

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.