X Financial (NYSE:XYF) Stock Price Up 1.4% – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of X Financial in a research note on Monday, May 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

X Financial Stock Performance

The stock has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $6.01. The firm has a market cap of $196.04 million, a PE ratio of 1.05 and a beta of 0.56.

X Financial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.2802 per share. The ex-dividend date was Thursday, April 30th. This represents a dividend yield of 1,191.0%. X Financial’s dividend payout ratio (DPR) is presently 11.32%.

Hedge Funds Weigh In On X Financial

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in X Financial in the 2nd quarter worth about $697,000. Russell Investments Group Ltd. boosted its holdings in X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after buying an additional 27,837 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in X Financial in the 3rd quarter worth about $105,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in X Financial in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About X Financial

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.