X Financial (NYSE:XYF) Stock Price Up 5.5% - Should You Buy?

Shares of X Financial (NYSE:XYF - Get Free Report) were up 5.5% during mid-day trading on Wednesday . The company traded as high as $18.88 and last traded at $18.87. Approximately 50,166 shares changed hands during trading, a decline of 55% from the average daily volume of 110,639 shares. The stock had previously closed at $17.88.

X Financial Trading Down 5.9%

The stock's 50-day moving average is $14.96 and its 200-day moving average is $11.43. The firm has a market capitalization of $762.36 million, a price-to-earnings ratio of 4.81 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 earnings per share (EPS) for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%. The business had revenue of $267.00 million during the quarter.

X Financial Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be given a $0.25 dividend. This is a boost from X Financial's previous semi-annual dividend of $0.17. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, June 20th. X Financial's dividend payout ratio is 10.00%.

Hedge Funds Weigh In On X Financial

An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC raised its holdings in X Financial (NYSE:XYF - Free Report) by 29.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 107,272 shares of the company's stock after acquiring 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. Hedge funds and other institutional investors own 1.15% of the company's stock.

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.