X Financial Announces Semi-Annual Dividend of $0.17 (NYSE:XYF)

X Financial (NYSE:XYF) declared a Semi-Annual dividend on Tuesday, March 26th, Zacks reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.17 per share on Friday, May 31st. The ex-dividend date is Thursday, May 9th.

X Financial Trading Down 23.0 %

NYSE:XYF opened at $3.55 on Thursday. The company’s 50-day moving average price is $4.12 and its 200-day moving average price is $4.04. X Financial has a twelve month low of $2.67 and a twelve month high of $5.00. The company has a market cap of $170.36 million, a P/E ratio of 1.05 and a beta of 0.23.

X Financial (NYSE:XYF) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.64 EPS for the quarter. X Financial had a return on equity of 22.94% and a net margin of 24.64%. The firm had revenue of $167.98 million for the quarter.

Hedge Funds Weigh In On X Financial

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in shares of X Financial by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 110,691 shares of the company’s stock worth $486,000 after purchasing an additional 5,016 shares during the period. State Street Corp lifted its stake in X Financial by 6.3% during the 1st quarter. State Street Corp now owns 87,308 shares of the company’s stock worth $241,000 after acquiring an additional 5,183 shares in the last quarter. Susquehanna International Group LLP purchased a new position in X Financial during the 1st quarter valued at about $99,000. Invesco Ltd. purchased a new stake in X Financial during the third quarter worth about $84,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of X Financial in the second quarter valued at approximately $26,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.