LexinFintech (NASDAQ:LX) Stock Price Up 5.7% – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) traded up 5.7% during trading on Monday . The company traded as high as $3.58 and last traded at $3.54. 2,005,139 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 1,333,353 shares. The stock had previously closed at $3.35.

LexinFintech Stock Up 8.7 %

The firm has a 50-day simple moving average of $2.05 and a two-hundred day simple moving average of $1.86. The stock has a market cap of $597.43 million, a P/E ratio of 4.63 and a beta of 0.56. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.22.

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

LexinFintech Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 16th will be given a $0.072 dividend. The ex-dividend date is Monday, September 16th. This represents a dividend yield of 6.9%. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s dividend payout ratio (DPR) is presently 15.79%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Paloma Partners Management Co acquired a new stake in shares of LexinFintech during the 1st quarter valued at $30,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech in the second quarter valued at approximately $36,000. QRG Capital Management Inc. raised its holdings in LexinFintech by 38.7% in the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after buying an additional 15,245 shares during the last quarter. SG Americas Securities LLC acquired a new stake in LexinFintech during the 3rd quarter worth approximately $122,000. Finally, Virtu Financial LLC acquired a new position in LexinFintech in the 1st quarter valued at approximately $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.