X Financial (NYSE:XYF) Stock Price Down 4.8% - Here's Why

X Financial (NYSE:XYF - Get Free Report)'s share price fell 4.8% on Monday . The stock traded as low as $17.71 and last traded at $17.87. 179,973 shares were traded during mid-day trading, an increase of 78% from the average session volume of 101,383 shares. The stock had previously closed at $18.78.

X Financial Stock Down 0.0%

The company has a 50 day simple moving average of $14.36 and a 200-day simple moving average of $10.89. The stock has a market cap of $812.96 million, a price-to-earnings ratio of 5.13 and a beta of 0.05.

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

X Financial Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be paid a dividend of $0.25 per share. This is a positive change from X Financial's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, June 20th. This represents a yield of 2.6%. X Financial's payout ratio is presently 3.33%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC grew its stake in shares of X Financial (NYSE:XYF - Free Report) by 29.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,272 shares of the company's stock after purchasing an additional 24,395 shares during the quarter. Acadian Asset Management LLC owned approximately 0.22% of X Financial worth $1,534,000 as of its most recent SEC filing. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

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.