Jiayin Group (NASDAQ:JFIN) Reaches New 1-Year High – Still a Buy?

Jiayin Group Inc. (NASDAQ:JFIN)’s share price hit a new 52-week high on Friday . The stock traded as high as $10.50 and last traded at $10.17, with a volume of 75763 shares. The stock had previously closed at $9.95.

Jiayin Group Price Performance

The firm has a market capitalization of $543.34 million, a price-to-earnings ratio of 3.37 and a beta of 0.89. The stock has a fifty day moving average of $7.38 and a two-hundred day moving average of $6.61.

Hedge Funds Weigh In On Jiayin Group

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Jiayin Group in the fourth quarter valued at approximately $109,000. Renaissance Technologies LLC boosted its stake in shares of Jiayin Group by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 19,291 shares of the company’s stock valued at $123,000 after purchasing an additional 1,799 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Jiayin Group during the fourth quarter worth $174,000. 44.08% of the stock is currently owned by institutional investors.

Jiayin Group Company Profile

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.