LexinFintech (NASDAQ:LX) Stock Price Up 6.3% – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price rose 6.3% during trading on Friday . The stock traded as high as $3.38 and last traded at $3.37. Approximately 565,620 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 1,495,951 shares. The stock had previously closed at $3.17.

LexinFintech Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $525.22 million, a PE ratio of 4.78 and a beta of 0.53. The company has a fifty day simple moving average of $2.49 and a two-hundred day simple moving average of $2.00.

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

LexinFintech Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 16th were issued a dividend of $0.072 per share. This represents a yield of 6.9%. This is a positive change from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, September 16th. LexinFintech’s dividend payout ratio (DPR) is 19.40%.

Institutional Trading of LexinFintech

Several institutional investors have recently bought and sold shares of the business. Paloma Partners Management Co purchased a new position in LexinFintech during the first quarter worth approximately $30,000. Kathmere Capital Management LLC purchased a new position in LexinFintech during the second quarter worth approximately $36,000. QRG Capital Management Inc. lifted its position in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after buying an additional 15,245 shares in the last quarter. SG Americas Securities LLC purchased a new position in LexinFintech during the third quarter worth approximately $122,000. Finally, Virtu Financial LLC purchased a new position in LexinFintech during the first 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.