Acadian Asset Management LLC Buys New Shares in X Financial (NYSE:XYF)

Acadian Asset Management LLC bought a new stake in X Financial (NYSE:XYF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,501 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake 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 valued at $241,000 after buying an additional 5,183 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of X Financial during the first quarter valued at about $99,000. Finally, AWH Capital L.P. bought a new position in shares of X Financial during the first quarter valued at about $1,036,000. Institutional investors own 1.36% of the company’s stock.

X Financial Trading Up 5.5 %

Shares of NYSE:XYF opened at $4.42 on Tuesday. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $4.08. X Financial has a 12-month low of $2.00 and a 12-month high of $5.00. The stock has a market capitalization of $212.10 million, a P/E ratio of 1.39 and a beta of 0.61.

X Financial (NYSE:XYF) last announced its quarterly earnings data on Monday, August 28th. The company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $168.30 million for the quarter. X Financial had a return on equity of 22.98% and a net margin of 27.89%.

X Financial Announces Dividend

The company also recently announced a — dividend, which was paid on Wednesday, October 18th. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a dividend yield of 6%. X Financial’s dividend payout ratio is currently 2.78%.

X Financial 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.