Jiayin Group (NASDAQ:JFIN) Stock Price Up 4.2% – Here’s Why

Jiayin Group Inc. (NASDAQ:JFIN) rose 4.2% during trading on Tuesday . The company traded as high as $13.05 and last traded at $13.18. Approximately 106,011 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 134,361 shares. The stock had previously closed at $12.65.

Jiayin Group Stock Performance

The firm has a market capitalization of $700.05 million, a P/E ratio of 4.35 and a beta of 0.78. The stock’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $7.27.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. LPL Financial LLC bought a new stake in shares of Jiayin Group in the 4th quarter valued at about $174,000. XTX Topco Ltd purchased a new stake in Jiayin Group during the fourth quarter valued at approximately $109,000. Finally, Renaissance Technologies LLC boosted its stake 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 acquiring an additional 1,799 shares in the last quarter. 44.08% of the stock is 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.