X Financial (NYSE:XYF) Trading 1.4% Higher – Time to Buy?

X Financial Sponsored ADR (NYSE:XYF)’s share price traded up 1.4% during mid-day trading on Tuesday . The stock traded as high as $4.82 and last traded at $4.6850. 103,905 shares changed hands during trading, a decline of 18% from the average session volume of 126,784 shares. The stock had previously closed at $4.62.

Wall Street Analyst Weigh In

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

X Financial Stock Performance

The firm has a market cap of $183.14 million, a PE ratio of 0.98 and a beta of 0.56. The company’s 50-day simple moving average is $4.61 and its two-hundred day simple moving average is $6.11.

X Financial Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a $0.2802 dividend. This represents a dividend yield of 1,191.0%. The ex-dividend date is Thursday, April 30th. X Financial’s dividend payout ratio (DPR) is presently 11.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in X Financial during the 3rd quarter valued at about $105,000. Police & Firemen s Retirement System of New Jersey purchased a new position in X Financial during the fourth quarter valued at $43,000. Russell Investments Group Ltd. raised its stake in X Financial by 468.4% during 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 during the last quarter. Finally, Jump Financial LLC purchased a new position in X Financial during the second quarter valued at $697,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

X Financial Company Profile

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.