Hhlr Advisors LTD. Makes New Investment in X Financial Sponsored ADR $XYF

Key Points

• Hhlr Advisors LTD. acquired 50,000 shares of X Financial Sponsored ADR (NYSE:XYF) valued at approximately $720,000 in its recent 13F filing, representing roughly 0.10% ownership.
• X Financial announced a semi-annual dividend of $0.28, increasing from the previous $0.25, with a substantial dividend yield of 330.0%.
• Analysts at Wall Street Zen downgraded X Financial from a "strong-buy" to a "buy" rating, with the stock currently trading at $15.20 and a 52-week range between $4.36 and $20.35.

Hhlr Advisors LTD. acquired a new stake in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned 0.10% of X Financial at the end of the most recent reporting period.

X Financial Stock Down 6.2%

X Financial stock traded down $0.96 during mid-day trading on Friday, hitting $14.41. The company's stock had a trading volume of 314,205 shares, compared to its average volume of 451,239. The stock has a market capitalization of $602.05 million, a P/E ratio of 2.70 and a beta of 0.30. X Financial Sponsored ADR has a twelve month low of $4.51 and a twelve month high of $20.35. The stock's fifty day moving average price is $15.93 and its two-hundred day moving average price is $14.78.

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

X Financial Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given a dividend of $0.28 per share. This represents a yield of 330.0%. The ex-dividend date 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 is presently 8.99%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of X Financial from a "strong-buy" rating to a "buy" rating in a research note 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.