X Financial (NYSE:XYF) Shares Down 3.8% - Here's What Happened

Key Points

• X Financial's stock price fell 3.8% to close at $13.64 on Monday, with a trading volume close to its average.
• The company reported $1.40 earnings per share and a revenue of $267 million for the recent quarter.
• A hedge fund recently acquired 50,000 shares of X Financial, increasing its institutional ownership to approximately 1.15%.

Shares of X Financial Sponsored ADR (NYSE:XYF - Get Free Report) fell 3.8% during trading on Monday . The company traded as low as $13.55 and last traded at $13.64. 259,992 shares were traded during trading, a decline of 0% from the average session volume of 260,697 shares. The stock had previously closed at $14.18.

X Financial Trading Up 4.4%

The business's 50 day moving average is $17.52 and its 200 day moving average is $13.83. The stock has a market capitalization of $595.16 million, a PE ratio of 2.96 and a beta of 0.25.

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

Hedge Funds Weigh In On X Financial

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 its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company's stock, valued at approximately $720,000. Hhlr Advisors LTD. owned 0.10% of X Financial at the end of the most recent reporting period. 1.15% of the stock is currently owned by institutional investors.

About X Financial

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.