X Financial (NYSE:XYF - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 224,859 shares were traded during trading, an increase of 106% from the previous session's volume of 109,240 shares.The stock last traded at $17.89 and had previously closed at $18.52.
X Financial Stock Up 4.8%
The firm has a 50 day simple moving average of $14.57 and a 200-day simple moving average of $11.18. The company has a market cap of $783.17 million, a PE ratio of 4.95 and a beta of 0.24.
X Financial (NYSE:XYF - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The company reported $1.40 earnings per share for the quarter. The business had revenue of $267.00 million for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.
X Financial Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 20th. This is an increase from X Financial's previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. X Financial's dividend payout ratio is presently 3.33%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC grew its holdings in X Financial (NYSE:XYF - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period. 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 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.
Read More
Before you consider X Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and X Financial wasn't on the list.
While X Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
