Acadian Asset Management LLC Acquires 24,395 Shares of X Financial Sponsored ADR $XYF

Key Points

• Acadian Asset Management LLC increased its holdings in X Financial Sponsored ADR (NYSE:XYF) by 29.4%, owning 107,272 shares after acquiring an additional 24,395 shares in the first quarter.
• X Financial reported $1.85 earnings per share for its most recent quarter, with a net margin of 23.30% and revenue of $317.32 million.
• The company announced an increase in its semi-annual dividend to $0.28 per share, reflecting a dividend yield of 330.0%, which will be paid on October 15th.

Acadian Asset Management LLC increased its stake in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) by 29.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,272 shares of the company's stock after buying an additional 24,395 shares during the period. Acadian Asset Management LLC owned 0.22% of X Financial worth $1,534,000 at the end of the most recent quarter.

Separately, Hhlr Advisors LTD. bought a new stake in X Financial during the 1st quarter worth about $720,000. Institutional investors and hedge funds own 1.15% of the company's stock.

X Financial Trading Down 0.6%

Shares of XYF stock traded down $0.10 on Friday, reaching $14.73. The company had a trading volume of 195,355 shares, compared to its average volume of 282,663. The stock has a market cap of $615.21 million, a PE ratio of 2.76 and a beta of 0.30. The company has a 50-day moving average of $15.06 and a 200-day moving average of $15.02. X Financial Sponsored ADR has a 12 month low of $4.85 and a 12 month high of $20.35.

X Financial (NYSE:XYF - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The company reported $1.85 EPS for the quarter. X Financial had a return on equity of 25.42% and a net margin of 23.30%.The company had revenue of $317.32 million during the quarter.

X Financial Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.28 per share. This represents a yield of 330.0%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from X Financial's previous semi-annual dividend of $0.25. X Financial's dividend payout ratio (DPR) is currently 8.99%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut X Financial from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd.

X Financial Company Profile

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 or institutional funding partners. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners.