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

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

Wall Street Analyst Weigh In

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

X Financial Stock Performance

The company has a market cap of $188.00 million, a PE ratio of 1.39 and a beta of 0.56. The stock’s 50-day simple moving average is $4.80 and its 200 day simple moving average is $5.23.

X Financial Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 20th. Investors of record on Thursday, April 30th were issued a dividend of $0.2802 per share. 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

Hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in X Financial during the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets purchased a new stake in shares of X Financial in the third quarter valued at approximately $105,000. Russell Investments Group Ltd. boosted 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 valued at $457,000 after buying an additional 27,837 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of X Financial in the second quarter valued at approximately $697,000. Institutional investors and hedge funds own 1.15% of the company’s stock.

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.