Stock Traders Purchase High Volume of Put Options on LexinFintech (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) was the target of unusually large options trading on Tuesday. Stock traders bought 4,131 put options on the stock. This represents an increase of approximately 221% compared to the typical volume of 1,285 put options.

LexinFintech Trading Down 2.8 %

LX stock traded down $0.32 during midday trading on Friday, hitting $11.11. The stock had a trading volume of 3,828,189 shares, compared to its average volume of 2,583,116. The firm has a market cap of $1.82 billion, a PE ratio of 17.64 and a beta of 0.60. LexinFintech has a 12-month low of $1.56 and a 12-month high of $11.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The company's 50-day moving average price is $8.82 and its 200 day moving average price is $5.77.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 18.89%.

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Analyst Upgrades and Downgrades

Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.

Institutional Investors Weigh In On LexinFintech

A number of large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech during the 4th quarter valued at approximately $29,000. Tower Research Capital LLC TRC boosted its stake in LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the last quarter. QRG Capital Management Inc. grew its holdings in LexinFintech by 24.1% during the 4th quarter. QRG Capital Management Inc. now owns 45,124 shares of the company's stock worth $262,000 after acquiring an additional 8,752 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of LexinFintech in the 4th quarter worth about $61,000. Finally, Wolverine Trading LLC acquired a new stake in shares of LexinFintech in the 3rd quarter valued at about $29,000.

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.