X Financial (NYSE:XYF) Sees Unusually-High Trading Volume – Time to Buy?

X Financial (NYSE:XYF) shares saw unusually-strong trading volume on Monday . Approximately 156,336 shares were traded during trading, an increase of 88% from the previous session’s volume of 82,992 shares.The stock last traded at $15.37 and had previously closed at $15.00.

X Financial Stock Up 3.3%

The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $9.96. The stock has a market cap of $800.77 million, a P/E ratio of 4.29 and a beta of 0.05.

X Financial (NYSE:XYF) last posted its quarterly earnings data on Monday, May 19th. The company reported $1.40 earnings per share (EPS) for the quarter. The business had revenue of $267.00 million during the quarter. X Financial had a net margin of 25.03% and a return on equity of 20.66%.

X Financial Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 20th. This is an increase from X Financial’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.6%. X Financial’s dividend payout ratio is currently 3.68%.

Institutional Investors Weigh In On X Financial

An institutional investor recently bought a new position in X Financial stock. Hhlr Advisors LTD. bought a new stake in shares of X Financial (NYSE:XYF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $720,000. Hhlr Advisors LTD. owned approximately 0.10% of X Financial at the end of the most recent quarter. Institutional investors and hedge funds 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.