Shares of X Financial (NYSE:XYF - Get Free Report) traded up 6% on Thursday . The company traded as high as $17.90 and last traded at $18.16. 36,273 shares were traded during trading, a decline of 63% from the average session volume of 97,347 shares. The stock had previously closed at $17.13.
X Financial Stock Down 5.9%
The stock has a market cap of $738.50 million, a price-to-earnings ratio of 4.66 and a beta of 0.05. The company's fifty day moving average is $14.10 and its two-hundred day moving average is $10.61.
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 firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 20th. This represents a dividend yield of 2.6%. This is an increase from X Financial's previous semi-annual dividend of $0.17. X Financial's dividend payout ratio is presently 3.33%.
Institutional Trading of X Financial
A hedge fund recently raised its stake in X Financial stock. Acadian Asset Management LLC increased its stake in shares of X Financial (NYSE:XYF - Free Report) by 29.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 0.22% of X Financial worth $1,534,000 at the end of the most recent quarter. 1.15% of the stock is owned by institutional investors and hedge funds.
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.
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