LexinFintech Sees Unusually Large Options Volume (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the recipient of some unusual options trading activity on Monday. Investors bought 3,028 put options on the company. This represents an increase of approximately 322% compared to the average volume of 717 put options.

LexinFintech Stock Performance

Shares of LexinFintech stock opened at $3.02 on Wednesday. The stock has a market cap of $495.67 million, a price-to-earnings ratio of 3.97 and a beta of 0.56. The firm’s 50-day moving average is $2.11 and its 200 day moving average is $1.88. LexinFintech has a 1 year low of $1.56 and a 1 year high of $4.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77.

LexinFintech (NASDAQ:LX) last posted its earnings results 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 business had revenue of $500.98 million for the quarter.

LexinFintech Increases Dividend

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

Institutional Investors Weigh In On LexinFintech

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co purchased a new stake in LexinFintech in the 1st quarter worth approximately $30,000. Kathmere Capital Management LLC purchased a new stake in LexinFintech in the 2nd quarter worth approximately $36,000. QRG Capital Management Inc. increased 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 worth $98,000 after acquiring an additional 15,245 shares in the last quarter. SG Americas Securities LLC purchased a new stake in LexinFintech in the 3rd quarter worth approximately $122,000. Finally, Virtu Financial LLC purchased a new stake in LexinFintech in the 1st quarter worth 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.