LexinFintech Holdings Ltd. (NASDAQ:LX - Get Free Report) saw an uptick in trading volume on Monday . 836,233 shares traded hands during mid-day trading, a decline of 44% from the previous session's volume of 1,500,963 shares.The stock last traded at $3.45 and had previously closed at $3.20.
LexinFintech Price Performance
The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.22. The firm has a market cap of $602.36 million, a PE ratio of 5.40 and a beta of 0.53. The stock has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.01.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.19 earnings per share for the quarter. The firm had revenue of $500.98 million during the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%.
LexinFintech Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 16th were paid a $0.072 dividend. This represents a dividend yield of 6.9%. This is a positive change from LexinFintech's previous Semi-Annual dividend of $0.07. The ex-dividend date was Monday, September 16th. LexinFintech's dividend payout ratio (DPR) is presently 19.40%.
Hedge Funds Weigh In On LexinFintech
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in shares of LexinFintech by 16.3% during the 1st 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. Virtu Financial LLC bought a new stake in LexinFintech during the 1st quarter valued at $149,000. American Century Companies Inc. raised its position in LexinFintech by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company's stock valued at $501,000 after purchasing an additional 75,759 shares in the last quarter. Renaissance Technologies LLC raised its position in LexinFintech by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company's stock valued at $1,686,000 after purchasing an additional 55,700 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in LexinFintech during the 3rd quarter valued at $122,000.
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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