X Financial (NYSE:XYF) Releases Earnings Results

X Financial (NYSE:XYF) issued its quarterly earnings data on Monday. The company reported $1.85 earnings per share (EPS) for the quarter, Zacks reports. X Financial had a net margin of 23.30% and a return on equity of 26.01%. The firm had revenue of $317.32 million for the quarter.

X Financial Stock Down 4.8%

Shares of X Financial stock opened at $12.24 on Wednesday. The firm’s 50 day moving average price is $16.54 and its 200-day moving average price is $14.23. X Financial has a 52-week low of $4.36 and a 52-week high of $20.35. The company has a market cap of $511.39 million, a P/E ratio of 2.29 and a beta of 0.25.

X Financial Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a $0.28 dividend. This represents a dividend yield of 330.0%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from X Financial’s previous semi-annual dividend of $0.25. X Financial’s payout ratio is presently 10.00%.

Institutional Trading of X Financial

A hedge fund recently bought a new stake in X Financial stock. Jump Financial LLC bought a new position in shares of X Financial Sponsored ADR (NYSE:XYF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 39,900 shares of the company’s stock, valued at approximately $697,000. Jump Financial LLC owned about 0.10% of X Financial at the end of the most recent quarter. Hedge funds and other institutional investors 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 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.