X Financial (NYSE:XYF) Sees Strong Trading Volume - Here's Why

X Financial (NYSE:XYF - Get Free Report) saw strong trading volume on Tuesday . 224,859 shares changed hands during mid-day 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 Performance

The company has a market cap of $762.36 million, a PE ratio of 4.81 and a beta of 0.24. The company's 50-day simple moving average is $14.96 and its 200 day simple moving average is $11.40.

X Financial (NYSE:XYF - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $1.40 earnings per share (EPS) for the quarter. The business had revenue of $267.00 million during the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Increases Dividend

The company also recently disclosed 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. This is a boost from X Financial's previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial's payout ratio is 10.00%.

Institutional Investors Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Hhlr Advisors LTD. acquired a new position in shares of X Financial (NYSE:XYF - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial at the end of the most recent quarter. Hedge funds and other institutional investors own 1.15% of the company's stock.

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.