X Financial (NYSE:XYF) Shares Down 2.3%

X Financial (NYSE:XYFGet Free Report)’s share price traded down 2.3% during mid-day trading on Friday . The company traded as low as $3.70 and last traded at $3.80. 10,268 shares changed hands during trading, a decline of 42% from the average session volume of 17,652 shares. The stock had previously closed at $3.89.

X Financial Price Performance

The firm has a market capitalization of $182.35 million, a PE ratio of 1.12 and a beta of 0.25. The business has a 50-day simple moving average of $4.01 and a 200-day simple moving average of $4.02.

X Financial (NYSE:XYFGet Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.64 earnings per share for the quarter. X Financial had a net margin of 24.64% and a return on equity of 22.42%. The business had revenue of $167.98 million for the quarter.

X Financial Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 9th. This represents a yield of 4.2%. X Financial’s payout ratio is 9.47%.

Institutional Investors Weigh In On X Financial

A hedge fund recently raised its position in X Financial stock. Acadian Asset Management LLC boosted its stake in shares of X Financial (NYSE:XYFFree Report) by 18.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,899 shares of the company’s stock after buying an additional 5,398 shares during the period. Acadian Asset Management LLC owned 0.07% of X Financial worth $139,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About X Financial

(Get Free Report)

X Financial provides personal finance services in the People's Republic of China. The company offers services as an online marketplace connecting borrowers and investors. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners, as well as Xiaoying revolving loan.

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