Acadian Asset Management LLC Raises Holdings in X Financial Sponsored ADR $XYF

Acadian Asset Management LLC grew its position in X Financial Sponsored ADR (NYSE:XYF) by 29.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,272 shares of the company’s stock after buying an additional 24,395 shares during the quarter. Acadian Asset Management LLC owned 0.22% of X Financial worth $1,534,000 at the end of the most recent reporting period.

Separately, Hhlr Advisors LTD. bought a new position in shares of X Financial during the first quarter valued at approximately $720,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Stock Up 0.1%

Shares of XYF opened at $14.06 on Wednesday. The company has a market cap of $587.43 million, a price-to-earnings ratio of 2.63 and a beta of 0.30. X Financial Sponsored ADR has a twelve month low of $4.76 and a twelve month high of $20.35. The company has a 50 day moving average of $15.26 and a two-hundred day moving average of $14.99.

X Financial (NYSE:XYF) last announced its earnings results on Monday, August 18th. The company reported $1.85 earnings per share for the quarter. X Financial had a net margin of 23.30% and a return on equity of 25.42%. The company had revenue of $317.32 million during the quarter.

X Financial Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, September 26th. This is an increase from X Financial’s previous semi-annual dividend of $0.25. This represents a dividend yield of 330.0%. X Financial’s payout ratio is presently 8.99%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of X Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd.

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.