Acadian Asset Management LLC Acquires 10,684 Shares of X Financial (NYSE:XYF)

Acadian Asset Management LLC lifted its stake in X Financial (NYSE:XYF) by 23.4% during the second quarter, HoldingsChannel.com reports. The firm owned 56,278 shares of the company’s stock after purchasing an additional 10,684 shares during the quarter. Acadian Asset Management LLC’s holdings in X Financial were worth $237,000 as of its most recent SEC filing.

X Financial Trading Down 0.7 %

NYSE XYF opened at $4.80 on Friday. The stock’s fifty day moving average price is $4.52 and its 200-day moving average price is $4.23. The stock has a market cap of $235.04 million, a P/E ratio of 1.36 and a beta of 0.26. X Financial has a 12 month low of $3.41 and a 12 month high of $4.99.

X Financial (NYSE:XYF) last released its quarterly earnings data on Wednesday, August 21st. The company reported $1.00 earnings per share (EPS) for the quarter. X Financial had a return on equity of 20.63% and a net margin of 25.38%. The business had revenue of $188.88 million for the quarter.

X Financial Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.17 per share. This represents a dividend yield of 7%. The ex-dividend date is Wednesday, September 4th. X Financial’s payout ratio is currently 9.04%.

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.