LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $11.59 and last traded at $11.56, with a volume of 3784729 shares traded. The stock had previously closed at $10.84.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
View Our Latest Analysis on LexinFintech
LexinFintech Trading Down 9.2 %
The stock has a 50-day moving average of $8.82 and a 200 day moving average of $5.80. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.66 billion, a PE ratio of 16.02 and a beta of 0.60.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $501.26 million for the quarter.
LexinFintech Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's payout ratio is 18.89%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Walleye Capital LLC boosted its holdings in LexinFintech by 235.5% during the third quarter. Walleye Capital LLC now owns 726,588 shares of the company's stock worth $1,976,000 after buying an additional 510,014 shares in the last quarter. Centiva Capital LP purchased a new position in shares of LexinFintech in the 3rd quarter valued at about $41,000. Quadrature Capital Ltd acquired a new position in LexinFintech in the 3rd quarter worth about $397,000. Wolverine Trading LLC purchased a new position in LexinFintech during the third quarter worth approximately $29,000. Finally, Jane Street Group LLC grew its holdings in LexinFintech by 32.9% in the third quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock valued at $725,000 after purchasing an additional 65,964 shares during the period.
About LexinFintech
(
Get Free Report)
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.
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