X Financial (NYSE:XYF) Trading Up 0.9% – Still a Buy?

X Financial (NYSE:XYF)’s stock price was up 0.9% during mid-day trading on Monday . The company traded as high as $6.65 and last traded at $6.61. Approximately 15,782 shares changed hands during trading, a decline of 31% from the average daily volume of 22,829 shares. The stock had previously closed at $6.55.

X Financial Trading Up 0.9 %

The firm has a market cap of $323.43 million, a price-to-earnings ratio of 1.81 and a beta of 0.31. The stock has a 50-day moving average of $5.86 and a 200-day moving average of $4.77.

X Financial (NYSE:XYF) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $1.00 earnings per share (EPS) for the quarter. X Financial had a return on equity of 20.63% and a net margin of 25.38%. The company had revenue of $188.88 million during the quarter.

X Financial Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a dividend yield of 7%. The ex-dividend date was Wednesday, September 4th. X Financial’s dividend payout ratio is presently 8.77%.

Institutional Trading of X Financial

An institutional investor recently raised its position in X Financial stock. Acadian Asset Management LLC lifted its stake in shares of X Financial (NYSE:XYF) by 19.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,594 shares of the company’s stock after purchasing an additional 7,552 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of X Financial worth $172,000 at the end of the most recent quarter. 1.15% of the stock is currently owned by institutional investors.

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 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.