X Financial (NYSE:XYF) Hits New 12-Month High – Still a Buy?

Shares of X Financial (NYSE:XYF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.40 and last traded at $17.82, with a volume of 317739 shares changing hands. The stock had previously closed at $15.00.

X Financial Stock Performance

The stock has a 50 day moving average price of $13.27 and a 200 day moving average price of $9.92. The company has a market cap of $786.73 million, a P/E ratio of 4.24 and a beta of 0.05.

X Financial (NYSE:XYF) last posted its quarterly earnings data on Monday, May 19th. The company reported $1.40 EPS for the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 20th will be paid a $0.25 dividend. This represents a yield of 2.6%. The ex-dividend date is Friday, June 20th. This is a positive change from X Financial’s previous semi-annual dividend of $0.17. X Financial’s dividend payout ratio is currently 3.68%.

Institutional Trading of X Financial

An institutional investor recently bought a new position in X Financial stock. Hhlr Advisors LTD. purchased a new stake in shares of X Financial (NYSE:XYF) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the company’s stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial as of its most recent SEC filing. 1.15% of the stock is owned by hedge funds and other institutional investors.

X Financial Company Profile

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.