X Financial (NYSE:XYF) Trading Down 1.3%

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

X Financial Price Performance

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

X Financial (NYSE:XYF) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.64 earnings per share for the quarter. The firm 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 Financial Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, May 9th.

Institutional Trading of X Financial

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of X Financial by 4.7% during 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 lifted 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 lifted 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. purchased a new stake in X Financial in the second quarter worth $26,000. Finally, Invesco Ltd. purchased a new stake in X Financial in the third quarter worth $84,000. 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. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners, as well as Xiaoying revolving loan.