Acadian Asset Management LLC Boosts Stock Holdings in 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 lifted its position in X Financial Sponsored ADR (NYSE:XYF - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,272 shares of the company's stock after acquiring an additional 24,395 shares during the quarter. Acadian Asset Management LLC owned 0.22% of X Financial worth $1,534,000 as of its most recent SEC filing.

Separately, Hhlr Advisors LTD. acquired a new position in shares of X Financial in the 1st quarter worth $720,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

X Financial Stock Up 0.1%

Shares of NYSE:XYF traded up $0.02 on Friday, reaching $14.84. The company had a trading volume of 299,900 shares, compared to its average volume of 230,186. X Financial Sponsored ADR has a twelve month low of $4.85 and a twelve month high of $20.35. The stock has a 50-day moving average price of $14.97 and a 200 day moving average price of $15.05. The stock has a market capitalization of $620.10 million, a P/E ratio of 2.78 and a beta of 0.30.

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

X Financial Increases Dividend

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

Analyst Ratings Changes

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

About X Financial

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.