Traders Buy Large Volume of Call Options on LexinFintech (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 11,522 call options on the company. This represents an increase of approximately 4,000% compared to the average volume of 281 call options.

Institutional Investors Weigh In On LexinFintech

Several institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. boosted its stake in LexinFintech by 38.7% during the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after purchasing an additional 15,245 shares in the last quarter. Acadian Asset Management LLC grew its holdings in LexinFintech by 16.3% during the first quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock worth $2,555,000 after acquiring an additional 199,824 shares during the period. Paloma Partners Management Co bought a new stake in LexinFintech in the first quarter worth about $30,000. Virtu Financial LLC acquired a new stake in LexinFintech in the 1st quarter valued at about $149,000. Finally, Kathmere Capital Management LLC bought a new position in shares of LexinFintech during the 2nd quarter valued at about $36,000.

LexinFintech Stock Performance

LexinFintech stock traded down $0.05 during mid-day trading on Wednesday, reaching $3.40. The company’s stock had a trading volume of 21,624,328 shares, compared to its average volume of 1,061,311. 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 has a twelve month low of $1.56 and a twelve month high of $4.67. The business has a 50 day moving average price of $1.79 and a 200-day moving average price of $1.78. The firm has a market cap of $558.04 million, a price-to-earnings ratio of 5.18 and a beta of 0.53.

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

LexinFintech Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 16th will be given a dividend of $0.072 per share. This represents a yield of 6.9%. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s payout ratio is 15.79%.

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.