X Financial (NYSE:XYF) Share Price Down 1.3%

Shares of X Financial ( NYSE:XYF – Get Free Report ) fell 1.3% on Thursday. The stock 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 stock performance

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

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

X Financial announces dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 9.

Institutional trading in X Financial

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in X Financial stock worth approximately $26,000 during the second quarter. Invesco Ltd. acquired a new stake in shares of X Financial worth approximately $84,000 during the third quarter. Susquehanna International Group LLP acquired a new stake in shares of X Financial during the first quarter worth approximately $99,000. Acadian Asset Management LLC increased its position in shares of X Financial by 18.3% during the third quarter. Acadian Asset Management LLC now owns 34,899 shares of the company’s stock worth $139,000 after purchasing an additional 5,398 shares in the last quarter. Finally, State Street Corp increased its position in shares of X Financial by 6.3% during the first quarter. State Street Corp now owns 87,308 shares of the company’s stock worth $241,000 after purchasing an additional 5,183 shares during the last quarter. Institutional investors and hedge funds own 1.15% of the company’s shares.

About X Financial

(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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