X Financial (NYSE:XYF) Sees Strong Trading Volume – Still a Buy?

X Financial (NYSE:XYF) saw unusually-strong trading volume on Monday . Approximately 156,336 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 82,992 shares.The stock last traded at $15.37 and had previously closed at $15.00.

X Financial Stock Up 3.3%

The company has a fifty day moving average price of $13.35 and a two-hundred day moving average price of $9.96. The firm has a market capitalization of $800.77 million, a price-to-earnings ratio of 4.29 and a beta of 0.05.

X Financial (NYSE:XYF) last issued its quarterly earnings results on Monday, May 19th. The company reported $1.40 earnings per share (EPS) for the quarter. X Financial had a return on equity of 20.66% and a net margin of 25.03%. The firm had revenue of $267.00 million for the quarter.

X Financial Increases Dividend

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

Institutional Investors Weigh In On X Financial

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. bought a new stake in X Financial (NYSE:XYF) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $720,000. Hhlr Advisors LTD. owned approximately 0.10% of X Financial at the end of the most recent quarter. 1.15% of the stock is currently 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.