X Financial (NYSE:XYF) Posts Quarterly Earnings Results

X Financial (NYSE:XYF) issued its earnings results on Tuesday. The company reported $0.64 EPS for the quarter, Zacks reports. The company had revenue of $167.98 million during the quarter. X Financial had a return on equity of 22.94% and a net margin of 24.64%.

X Financial Price Performance

Shares of XYF opened at $3.55 on Thursday. The stock has a 50-day moving average of $4.12 and a 200-day moving average of $4.04. The company has a market cap of $170.36 million, a PE ratio of 1.05 and a beta of 0.23. X Financial has a one year low of $2.67 and a one year high of $5.00.

Institutional Trading of X Financial

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 5,016 shares during the period. State Street Corp lifted its position in X Financial by 6.3% in the 1st quarter. State Street Corp now owns 87,308 shares of the company’s stock valued at $241,000 after acquiring an additional 5,183 shares in the last quarter. Susquehanna International Group LLP bought a new position in X Financial in the 1st quarter valued at about $99,000. Invesco Ltd. bought a new position in X Financial in the 3rd quarter valued at about $84,000. Finally, Russell Investments Group Ltd. bought a new position in X Financial in the 2nd quarter valued at about $26,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.

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.