Investors Purchase Large Volume of LexinFintech Put Options (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 4,131 put options on the company. This is an increase of 221% compared to the typical daily volume of 1,285 put options.

Hedge Funds Weigh In On LexinFintech

Several large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in LexinFintech during the fourth quarter worth approximately $29,000. Wolverine Trading LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth approximately $29,000. Centiva Capital LP purchased a new position in shares of LexinFintech during the 3rd quarter valued at approximately $41,000. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the 4th quarter valued at $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech in the 4th quarter valued at $70,000.

LexinFintech Trading Up 2.5 %

Shares of LexinFintech stock opened at $10.84 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 17.21 and a beta of 0.60. The firm has a fifty day moving average price of $8.63 and a 200 day moving average price of $5.63. LexinFintech has a 1 year low of $1.56 and a 1 year high of $11.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66.

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

LexinFintech Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the stock a “buy” rating in a research note 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.