LexinFintech Target of Unusually Large Options Trading (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) saw unusually large options trading on Tuesday. Traders bought 4,131 put options on the stock. This represents an increase of 221% compared to the average daily volume of 1,285 put options.

Institutional Trading of LexinFintech

A number of hedge funds and other institutional investors have recently modified their holdings of LX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after acquiring an additional 7,227 shares during the period. QRG Capital Management Inc. increased its stake in LexinFintech by 24.1% during the fourth quarter. QRG Capital Management Inc. now owns 45,124 shares of the company’s stock worth $262,000 after acquiring an additional 8,752 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in LexinFintech in the fourth quarter valued at $61,000. Finally, Wolverine Trading LLC acquired a new position in shares of LexinFintech in the 3rd quarter valued at $29,000.

LexinFintech Stock Performance

NASDAQ:LX opened at $10.84 on Thursday. The company has a market cap of $1.78 billion, a P/E ratio of 17.21 and a beta of 0.60. LexinFintech has a twelve month low of $1.56 and a twelve month high of $11.46. The company’s 50-day moving average price is $8.63 and its 200-day moving average price is $5.63. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $501.26 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 1.2%. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. LexinFintech’s payout ratio is 24.44%.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a “buy” rating in a research report on Friday, March 21st.

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.