X Financial (NYSE:XYF) Shares Down 1.8% – Should You Sell?

X Financial Sponsored ADR (NYSE:XYF) shares dropped 1.8% on Tuesday . The stock traded as low as $4.60 and last traded at $4.6840. Approximately 155,689 shares were traded during trading, a decline of 25% from the average daily volume of 206,268 shares. The stock had previously closed at $4.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of X Financial in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, X Financial has a consensus rating of “Hold”.

X Financial Trading Down 2.4%

The company’s 50 day moving average price is $4.66 and its two-hundred day moving average price is $7.14. The stock has a market cap of $192.60 million, a P/E ratio of 1.03 and a beta of 0.48.

X Financial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a $0.2802 dividend. This represents a dividend yield of 1,225.0%. The ex-dividend date is Thursday, April 30th. X Financial’s dividend payout ratio is 5.03%.

Institutional Trading of X Financial

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in X Financial in the 3rd quarter worth approximately $105,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in X Financial in the 4th quarter worth $43,000. Russell Investments Group Ltd. boosted its holdings in shares of X Financial by 468.4% during 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 purchased a new position in shares of X Financial during the second quarter valued at about $697,000. 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.