LexinFintech (NASDAQ:LX) Trading Up 4.4% – Here’s What Happened

LexinFintech Holdings Ltd. (NASDAQ:LX) shares shot up 4.4% on Friday . The stock traded as high as $3.31 and last traded at $3.31. 759,371 shares were traded during mid-day trading, a decline of 52% from the average session volume of 1,589,139 shares. The stock had previously closed at $3.17.

LexinFintech Stock Performance

The stock’s 50 day simple moving average is $2.78 and its two-hundred day simple moving average is $2.11. The company has a market capitalization of $526.86 million, a P/E ratio of 4.73 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Tuesday, August 27th. The company reported $0.19 earnings per share for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%. The firm had revenue of $500.98 million during the quarter.

LexinFintech Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 16th were given a dividend of $0.072 per share. The ex-dividend date was Monday, September 16th. This represents a dividend yield of 6.9%. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s payout ratio is presently 19.40%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Centiva Capital LP bought a new stake in shares of LexinFintech during the 3rd quarter valued at $41,000. Paloma Partners Management Co bought a new stake in shares of LexinFintech in the 1st quarter valued at about $30,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the 2nd quarter valued at approximately $36,000. SG Americas Securities LLC acquired a new stake in LexinFintech in the third quarter worth $122,000. Finally, QRG Capital Management Inc. increased its position in shares of LexinFintech by 38.7% in the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after buying an additional 15,245 shares in the last quarter.

LexinFintech Company Profile

LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.