X Financial (NYSE:XYF) Posts Quarterly Earnings Results

X Financial (NYSE:XYF) released its earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, Zacks reports. X Financial had a net margin of 19.09% and a return on equity of 19.27%.

X Financial Price Performance

NYSE XYF traded up $0.48 during mid-day trading on Wednesday, reaching $4.90. The stock had a trading volume of 182,264 shares, compared to its average volume of 175,394. X Financial has a 1 year low of $3.30 and a 1 year high of $20.35. The stock has a market cap of $191.52 million, a PE ratio of 1.03 and a beta of 0.56. The company has a fifty day moving average price of $4.59 and a 200 day moving average price of $5.84.

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 issued a $0.2802 dividend. This represents a yield of 1,191.0%. The ex-dividend date was Thursday, April 30th. X Financial’s payout ratio is presently 11.32%.

Hedge Funds Weigh In On X Financial

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in X Financial in the 3rd quarter worth approximately $105,000. Police & Firemen s Retirement System of New Jersey bought a new stake in X Financial in the 4th quarter worth approximately $43,000. Russell Investments Group Ltd. grew its position in X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after purchasing an additional 27,837 shares during the period. Finally, Jump Financial LLC bought a new stake in X Financial in the 2nd quarter worth approximately $697,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of X Financial in a report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, X Financial currently has a consensus rating of “Hold”.

About X Financial

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.