X Financial (XYF) To Go Ex-Dividend on May 9th

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

X Financial Trading Down 23.0 %

Shares of NYSE XYF opened at $3.55 on Thursday. The company has a market cap of $170.36 million, a price-to-earnings ratio of 1.05 and a beta of 0.23. X Financial has a 12 month low of $2.67 and a 12 month high of $5.00. The stock has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $4.04.

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

Institutional Investors Weigh In On X Financial

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

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.