X Financial Declares — Dividend of $0.30 (NYSE:XYF)

X Financial (NYSE:XYF) announced a — dividend on Friday, September 1st, Wall Street Journal reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.30 per share on Wednesday, October 18th. This represents a yield of 6%. The ex-dividend date is Monday, September 18th.

X Financial Stock Up 2.3 %

NYSE XYF opened at $4.40 on Friday. X Financial has a 52 week low of $1.62 and a 52 week high of $5.00. The firm has a market capitalization of $211.16 million, a P/E ratio of 1.39 and a beta of 0.64. The company has a 50-day moving average price of $4.39 and a 200-day moving average price of $3.72.

Institutional Trading of X Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its holdings in X Financial by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 110,691 shares of the company’s stock valued at $486,000 after acquiring an additional 5,016 shares during the last quarter. State Street Corp increased its stake in X Financial by 6.3% in the 1st quarter. State Street Corp now owns 87,308 shares of the company’s stock worth $241,000 after acquiring an additional 5,183 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in X Financial in the 2nd quarter worth approximately $26,000. Finally, Susquehanna International Group LLP bought a new stake in X Financial in the 1st quarter worth approximately $99,000. Institutional investors own 1.36% 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. Its loan products include Xiaoying credit loan, which consists of Xiaoying card loan; and Xiaoying preferred loan to small business owners, as well as Xiaoying revolving loan.