LexinFintech (NASDAQ:LX) Stock Price Up 6.3% – Time to Buy?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) traded up 6.3% during mid-day trading on Friday . The stock 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 Price 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 has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $2.00. The firm has a market capitalization of $525.22 million, a price-to-earnings ratio of 4.78 and a beta of 0.53.

LexinFintech (NASDAQ:LX) last released 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 firm had revenue of $500.98 million during the quarter.

LexinFintech Increases Dividend

The firm also recently declared 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. This represents a yield of 6.9%. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date was Monday, September 16th. LexinFintech’s payout ratio is 19.40%.

Institutional Trading of LexinFintech

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in 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 purchasing an additional 199,824 shares during the period. Virtu Financial LLC acquired a new position in LexinFintech during the 1st quarter worth approximately $149,000. American Century Companies Inc. increased 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 worth $501,000 after purchasing an additional 75,759 shares during the period. Renaissance Technologies LLC increased 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 worth $1,686,000 after purchasing an additional 55,700 shares during the period. Finally, SG Americas Securities LLC acquired a new position in LexinFintech during the 3rd quarter worth approximately $122,000.

LexinFintech Company Profile

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.