Renaissance Technologies LLC Decreases Stock Position in Jiayin Group Inc. (NASDAQ:JFIN)

Renaissance Technologies LLC decreased its position in Jiayin Group Inc. (NASDAQ:JFIN) by 48.6% in the 2nd quarter, Holdings Channel reports. The fund owned 21,300 shares of the company’s stock after selling 20,100 shares during the period. Renaissance Technologies LLC’s holdings in Jiayin Group were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Fermata Advisors LLC acquired a new stake in Jiayin Group in the second quarter valued at $78,000. Advisors Preferred LLC bought a new stake in shares of Jiayin Group in the 1st quarter worth about $98,000. Finally, Boston Partners acquired a new stake in shares of Jiayin Group in the 1st quarter valued at about $439,000. Hedge funds and other institutional investors own 44.08% of the company’s stock.

Jiayin Group Stock Performance

NASDAQ:JFIN opened at $7.29 on Monday. The stock has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $6.23. Jiayin Group Inc. has a one year low of $4.00 and a one year high of $8.58. The company has a market capitalization of $391.36 million, a price-to-earnings ratio of 2.18 and a beta of 0.83.

Jiayin Group (NASDAQ:JFIN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.60 earnings per share for the quarter. The business had revenue of $203.15 million for the quarter. Jiayin Group had a return on equity of 49.78% and a net margin of 20.00%.

Jiayin Group Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 27th were given a $0.50 dividend. The ex-dividend date was Tuesday, August 27th. This represents a yield of 14.5%. Jiayin Group’s dividend payout ratio (DPR) is 25.97%.

Jiayin Group 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.