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X Financial (NYSE:XYF) Shares Gap Down - Here's What Happened

X Financial logo with Finance background

X Financial Sponsored ADR (NYSE:XYF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $16.95, but opened at $16.56. X Financial shares last traded at $16.99, with a volume of 16,494 shares changing hands.

X Financial Price Performance

The firm's 50 day moving average price is $15.17 and its two-hundred day moving average price is $11.56. The stock has a market cap of $723.63 million, a PE ratio of 3.61 and a beta of 0.24.

X Financial (NYSE:XYF - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported $1.40 EPS for the quarter. The company had revenue of $267.00 million during the quarter. X Financial had a net margin of 24.76% and a return on equity of 23.30%.

X Financial Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be given a $0.25 dividend. This represents a dividend yield of 2.6%. This is a boost from X Financial's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. X Financial's dividend payout ratio is 3.33%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. acquired a new stake in X Financial Sponsored ADR (NYSE:XYF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.15% of the company's stock.

X Financial Company Profile

(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.

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