X Financial (NYSE:XYF) Releases Earnings Results

X Financial (NYSE:XYF) issued its quarterly earnings data on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, Zacks reports. X Financial had a net margin of 19.09% and a return on equity of 19.27%.

X Financial Stock Performance

Shares of XYF stock traded up $0.48 during mid-day trading on Wednesday, reaching $4.90. 182,264 shares of the company’s stock traded hands, compared to its average volume of 175,394. X Financial has a 12 month low of $3.30 and a 12 month high of $20.35. The firm has a 50 day moving average price of $4.59 and a two-hundred day moving average price of $5.84. The firm has a market capitalization of $191.52 million, a PE ratio of 1.03 and a beta of 0.56.

X Financial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th were given a dividend of $0.2802 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a dividend yield of 1,191.0%. X Financial’s payout ratio is presently 11.32%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XYF. Jump Financial LLC bought a new position in X Financial in the 2nd quarter worth $697,000. Russell Investments Group Ltd. boosted its holdings in X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after buying an additional 27,837 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in X Financial in the 4th quarter worth $43,000. Finally, BNP Paribas Financial Markets bought a new position in X Financial in the 3rd quarter worth $105,000. Institutional investors own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of X Financial in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

About X Financial

X Financial (NYSE:XYF) is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company’s core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.