X Financial Announces $48.7 Million Share Repurchase

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https://www.tipranks.com/news/company-announcements/x-financial-announces-48-7-million-share-repurchase

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.

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