X Financial (NYSE:XYF) Trading Up 2.3% – Here’s What Happened

Shares of X Financial Sponsored ADR (NYSE:XYF) were up 2.3% during trading on Thursday . The company traded as high as $4.88 and last traded at $4.81. Approximately 58,643 shares changed hands during trading, a decline of 53% from the average session volume of 123,980 shares. The stock had previously closed at $4.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 data from MarketBeat, the stock currently has an average rating of “Hold”.

X Financial Price Performance

The stock has a 50 day moving average price of $4.79 and a 200-day moving average price of $5.24. The stock has a market capitalization of $188.02 million, a price-to-earnings ratio of 1.39 and a beta of 0.56.

X Financial Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 20th. Investors of record on Thursday, April 30th were paid a $0.2802 dividend. This represents a yield of 1,191.0%. The ex-dividend date of this dividend was Thursday, April 30th. X Financial’s dividend payout ratio is currently 15.65%.

Institutional Investors Weigh In On X Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of X Financial during the fourth quarter worth $43,000. BNP Paribas Financial Markets purchased a new position in shares of X Financial in the third quarter worth about $105,000. Russell Investments Group Ltd. lifted its stake in shares of X Financial by 468.4% in the third 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 in the last quarter. Finally, Jump Financial LLC acquired a new position in X Financial during the second quarter worth about $697,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

X Financial Company Profile

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.