LexinFintech (NASDAQ:LX) Sees Strong Trading Volume – Should You Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) saw strong trading volume on Friday . 1,189,552 shares traded hands during trading, a decline of 16% from the previous session’s volume of 1,408,278 shares.The stock last traded at $3.09 and had previously closed at $2.85.

LexinFintech Price Performance

The stock has a 50 day moving average of $2.19 and a two-hundred day moving average of $1.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $484.18 million, a P/E ratio of 3.88 and a beta of 0.56.

LexinFintech (NASDAQ:LX) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. The company had revenue of $500.98 million for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%.

LexinFintech Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were issued a $0.072 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 15.79%.

Institutional Trading of LexinFintech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in LexinFintech in the 3rd quarter valued at approximately $122,000. Kathmere Capital Management LLC bought a new stake in shares of LexinFintech during the second quarter valued at approximately $36,000. Renaissance Technologies LLC raised its stake in shares of LexinFintech by 5.8% in the second 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. American Century Companies Inc. lifted its position in LexinFintech by 33.2% in the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after purchasing an additional 75,759 shares during the period. Finally, Virtu Financial LLC acquired a new stake in LexinFintech during the first quarter worth $149,000.

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.