LexinFintech (NASDAQ:LX) Shares Up 4.4% – Should You Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares were up 4.4% during mid-day trading on Friday . The company traded as high as $3.31 and last traded at $3.31. Approximately 759,371 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 1,589,139 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 company’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $2.13. The company has a market capitalization of $528.50 million, a PE ratio of 4.81 and a beta of 0.53.

LexinFintech (NASDAQ:LX) last posted its earnings results on Tuesday, August 27th. The company reported $0.19 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 for the quarter.

LexinFintech Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 16th were issued a $0.072 dividend. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, September 16th. LexinFintech’s payout ratio is presently 19.40%.

Institutional Investors Weigh In On LexinFintech

Several large investors have recently modified their holdings of the company. Walleye Capital LLC grew its position in LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after buying an additional 510,014 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LexinFintech by 25.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,663 shares of the company’s stock worth $3,013,000 after purchasing an additional 226,479 shares in the last quarter. Acadian Asset Management LLC grew 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 purchasing an additional 199,824 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of LexinFintech in the 3rd quarter valued at about $467,000. Finally, Quadrature Capital Ltd purchased a new position in shares of LexinFintech in the 3rd quarter valued at about $397,000.

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.