LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.31, but opened at $3.44. LexinFintech shares last traded at $3.47, with a volume of 1,386,233 shares changing hands.
LexinFintech Stock Performance
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77. The stock's 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $1.96. The stock has a market cap of $533.42 million, a P/E ratio of 4.61 and a beta of 0.56.
LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results 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 for the quarter.
LexinFintech Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were paid a $0.072 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a yield of 6.9%. This is a positive change from LexinFintech's previous Semi-Annual dividend of $0.07. LexinFintech's payout ratio is presently 15.79%.
Institutional Trading of LexinFintech
Institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co bought a new stake in shares of LexinFintech in the first quarter worth $30,000. Kathmere Capital Management LLC bought a new stake in LexinFintech during the second quarter worth $36,000. SG Americas Securities LLC bought a new stake in LexinFintech during the third quarter worth $122,000. QRG Capital Management Inc. raised its position in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company's stock worth $98,000 after acquiring an additional 15,245 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in LexinFintech during the first quarter worth $149,000.
LexinFintech Company Profile
(
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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