X Financial (NYSE:XYF) Releases Earnings Results

Key Points

• X Financial reported quarterly earnings of $1.85 per share, with a return on equity of 23.30% and a net margin of 24.76%.
• The company's stock saw a decline of 4.8%, trading at $12.83, despite having a market capitalization of $536.04 million and a P/E ratio of 2.67.
• An institutional investor, Jump Financial LLC, acquired a new position in X Financial, purchasing approximately 39,900 shares valued at around $697,000.

X Financial (NYSE:XYF - Get Free Report) announced its quarterly earnings data on Monday. The company reported $1.85 earnings per share for the quarter, Zacks reports. X Financial had a return on equity of 23.30% and a net margin of 24.76%.

X Financial Stock Down 4.8%

Shares of NYSE XYF traded down $0.65 during trading hours on Monday, reaching $12.83. 459,841 shares of the stock traded hands, compared to its average volume of 269,072. The company has a market capitalization of $536.04 million, a P/E ratio of 2.67 and a beta of 0.25. X Financial has a 52-week low of $4.35 and a 52-week high of $20.35. The company's 50-day simple moving average is $16.77 and its two-hundred day simple moving average is $14.21.

Hedge Funds Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Jump Financial LLC acquired a new stake in shares of X Financial Sponsored ADR (NYSE:XYF - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,900 shares of the company's stock, valued at approximately $697,000. Jump Financial LLC owned approximately 0.10% of X Financial at the end of the most recent quarter. 1.15% of the stock is currently owned by institutional investors and hedge funds.

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.

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