X Financial (NYSE:XYF) Trading Down 1.3%

X Financial (NYSE:XYF)’s share price was down 1.3% during trading on Thursday . The stock traded as low as $3.74 and last traded at $3.74. Approximately 4,604 shares were traded during mid-day 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 capitalization of $179.48 million, a P/E ratio of 1.11 and a beta of 0.24. The firm has a 50-day simple moving average of $4.08 and a 200 day simple moving average of $4.00.

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

X Financial Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of X Financial by 18.3% in the 3rd 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 during the period. Renaissance Technologies LLC increased its stake in shares of X Financial by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 110,691 shares of the company’s stock valued at $486,000 after acquiring an additional 5,016 shares in the last quarter. State Street Corp increased its stake in shares of X Financial by 6.3% in the 1st quarter. State Street Corp now owns 87,308 shares of the company’s stock valued at $241,000 after acquiring an additional 5,183 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of X Financial in the 1st quarter valued at $99,000. Finally, Invesco Ltd. bought a new stake in shares of X Financial in the 3rd quarter valued at $84,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

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. 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.