X Financial (NYSE:XYF) Shares Down 1.3%

X Financial (NYSE:XYF) shares dropped 1.3% during mid-day trading 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 Stock Performance

The business’s fifty day simple moving average is $4.08 and its 200-day simple moving average is $4.00. The firm has a market capitalization of $181.40 million, a PE ratio of 1.12 and a beta of 0.24.

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

X Financial Dividend Announcement

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

Institutional Investors Weigh In On X Financial

A number of hedge funds have recently modified their holdings of XYF. State Street Corp grew its holdings in shares of X Financial by 6.3% in the first quarter. State Street Corp now owns 87,308 shares of the company’s stock valued at $241,000 after purchasing an additional 5,183 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of X Financial in the first quarter valued at about $99,000. Russell Investments Group Ltd. purchased a new stake in shares of X Financial in the second quarter valued at about $26,000. Renaissance Technologies LLC grew its holdings in shares of X Financial by 4.7% in 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. Finally, Invesco Ltd. purchased a new stake in shares of X Financial in the third quarter valued at about $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.