X Financial (NYSE:XYF) trades down 1.3%

The stock price of X Financial ( NYSE:XYF – Get Free Report ) fell 1.3% on Thursday. The company traded as low as $3.74 and last traded at $3.74. About 4,604 shares traded hands during trading, a decline of 77% from the average daily volume of 19,833 shares. The stock previously closed at $3.79.

X Financial price performance

The stock has a market cap of $179.48 million, a price-to-earnings ratio of 1.11 and a beta of 0.24. The company has a 50-day moving average of $4.08 and a two-hundred-day moving average of $4.00.

X Financial (NYSE:XYF – Get Free Report) last released its quarterly earnings data on Tuesday, March 26. The company reported earnings per share of $0.64 for the quarter. The company had revenue of $167.98 million during the quarter. X Financial had a return on equity of 22.42% and a net margin of 24.64%.

X Announcement of financial dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 31. Shareholders of record on Friday, May 10 will receive a dividend of $0.17 per share. The ex-dividend date is Thursday, May 9.

Institutional trading in X Financial

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of X Financial by 4.7% in the second quarter. Renaissance Technologies LLC now owns 110,691 shares of the company’s stock valued at $486,000 after purchasing an additional 5,016 shares during the period. State Street Corp increased its stake in X Financial by 6.3% in the first quarter. State Street Corp now owns 87,308 shares of the company’s stock worth $241,000 after acquiring an additional 5,183 shares during the period. Acadian Asset Management LLC increased its stake in X Financial by 18.3% in the third quarter. Acadian Asset Management LLC now owns 34,899 shares of the company’s stock worth $139,000 after acquiring an additional 5,398 shares during the period. Russell Investments Group Ltd. bought a new stake in X Financial worth $26,000 in the second quarter. Finally, Invesco Ltd. purchased a new stake in X Financial worth $84,000 in the third quarter. Hedge funds and other institutional investors own 1.15% of the company’s shares.

X Financial company profile

(Get a free report)

X Financial provides personal financial services in the People’s Republic of China. The company offers services as an online marketplace that connects borrowers and investors. The loan products include the Xiaoying Credit Loan, which consists of the Xiaoying Card Loan; and Xiaoying preferred loans to small business owners, as well as Xiaoying’s revolving loan.

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