Shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) shot up 6.3% during mid-day trading on Friday . The company traded as high as $3.38 and last traded at $3.37. 565,620 shares were traded during trading, a decline of 62% from the average session volume of 1,495,951 shares. The stock had previously closed at $3.17.
LexinFintech Trading Up 0.8 %
The firm has a market cap of $525.22 million, a P/E ratio of 4.76 and a beta of 0.56. The company's 50 day moving average is $2.46 and its two-hundred day moving average is $1.99. 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 - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%. The business had revenue of $500.98 million during the quarter.
LexinFintech Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from LexinFintech's previous Semi-Annual dividend of $0.07. This represents a dividend yield of 6.9%. LexinFintech's dividend payout ratio (DPR) is presently 17.91%.
Institutional Investors Weigh In On LexinFintech
Large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of LexinFintech in the first quarter valued at approximately $149,000. American Century Companies Inc. boosted its position in LexinFintech by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company's stock valued at $501,000 after buying an additional 75,759 shares during the last quarter. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the 2nd quarter valued at $36,000. Acadian Asset Management LLC raised its position in shares of LexinFintech by 16.3% during the first quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company's stock worth $2,555,000 after acquiring an additional 199,824 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company's stock valued at $1,686,000 after acquiring an additional 55,700 shares during the period.
LexinFintech Company Profile
(
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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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