Shares of X Financial (NYSE:XYF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $15.84, but opened at $16.63. X Financial shares last traded at $16.73, with a volume of 120,430 shares traded.
X Financial Stock Down 1.7%
The company has a market cap of $723.63 million, a PE ratio of 4.57 and a beta of 0.05. The stock has a 50-day moving average of $13.63 and a 200-day moving average of $10.16.
X Financial (NYSE:XYF - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported $1.40 earnings per share (EPS) for the quarter. The company had revenue of $267.00 million for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%.
X Financial Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 20th will be paid a $0.25 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. This is a boost from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio is currently 3.33%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC boosted its position in X Financial (NYSE:XYF - Free Report) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 1.15% of the stock is owned by institutional investors.
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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