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

X Financial Sponsored ADR (NYSE:XYF)’s share price shot 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 were traded during mid-day trading, a decline of 18% from the average session volume of 126,784 shares. The stock had previously closed at $4.62.

Wall Street Analysts Forecast Growth

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

X Financial Price Performance

The company has a market capitalization of $183.14 million, a P/E ratio of 0.98 and a beta of 0.56. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $6.11.

X Financial Announces Dividend

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

Hedge Funds Weigh In On X Financial

Institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of X Financial in the 4th quarter valued at approximately $43,000. BNP Paribas Financial Markets bought a new stake in shares of X Financial in the 3rd quarter valued at approximately $105,000. Russell Investments Group Ltd. lifted its stake in shares of X Financial by 468.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock valued at $457,000 after purchasing an additional 27,837 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of X Financial in the 2nd quarter valued at approximately $697,000. 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.