X Financial (NYSE:XYF) Sets New 52-Week High – Still a Buy?

X Financial (NYSE:XYF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.40 and last traded at $17.82, with a volume of 317739 shares. The stock had previously closed at $15.00.

X Financial Price Performance

The firm’s 50 day moving average price is $13.27 and its 200-day moving average price is $9.92. The firm has a market cap of $786.73 million, a price-to-earnings ratio of 4.24 and a beta of 0.05.

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

X Financial Increases Dividend

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

Hedge Funds Weigh In On X Financial

A hedge fund recently bought a new stake in X Financial stock. Hhlr Advisors LTD. purchased a new stake in X Financial (NYSE:XYF) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $720,000. Hhlr Advisors LTD. owned about 0.10% of X Financial as of its most recent SEC filing. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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 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.