X Financial ( (XYF) ) has provided an update.
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X Financial has announced a significant share repurchase agreement with a major shareholder, involving the repurchase of 6,349,206 ADSs for approximately $48.7 million. This move reflects the company’s confidence in its growth potential and commitment to enhancing shareholder value while underscoring its robust financial position. The repurchase is part of a broader $50 million share repurchase plan approved by the board, with $15.9 million remaining for future repurchases. In 2024, the company returned approximately $76 million to shareholders through various means, including dividends and share repurchases, demonstrating a commitment to profitable growth and shareholder value.
More about X Financial
X Financial is a prominent online personal finance company based in China. The company specializes in bridging borrowers with institutional funding partners through its platform, leveraging proprietary big data-driven technology. X Financial has formed strategic partnerships with financial institutions, enabling the facilitation and origination of loans to prime borrowers under a risk assessment and control system.
YTD Price Performance: 121.56%
Average Trading Volume: 47,263
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $371.4M
Find detailed analytics on XYF stock on TipRanks’ Stock Analysis page.
