LexinFintech (NASDAQ:LX) Shares Gap Down - Should You Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.59, but opened at $9.85. LexinFintech shares last traded at $10.71, with a volume of 1,199,362 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.

LexinFintech Trading Up 2.4 %

The firm has a market cap of $1.77 billion, a PE ratio of 17.10 and a beta of 0.60. 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's fifty day simple moving average is $8.35 and its two-hundred day simple moving average is $5.47.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 1.2%. LexinFintech's dividend payout ratio is presently 19.05%.

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Institutional Investors Weigh In On LexinFintech

A number of institutional investors have recently made changes to their positions in the company. BRIGHT VALLEY CAPITAL Ltd bought a new position in LexinFintech during the fourth quarter valued at approximately $23,142,000. Arrowstreet Capital Limited Partnership lifted its position in LexinFintech by 237.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock valued at $21,478,000 after purchasing an additional 2,606,969 shares during the period. Dimensional Fund Advisors LP lifted its position in LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock valued at $10,409,000 after purchasing an additional 315,243 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in LexinFintech by 35.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock valued at $8,703,000 after purchasing an additional 392,870 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in LexinFintech during the fourth quarter valued at approximately $7,687,000.

About LexinFintech

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.