LexinFintech (NASDAQ:LX) Announces Earnings Results

LexinFintech (NASDAQ:LX) announced its earnings results on Monday. The company reported $0.10 EPS for the quarter, FiscalAI reports. The company had revenue of $479.95 million during the quarter. LexinFintech had a return on equity of 14.36% and a net margin of 12.72%.

LexinFintech Price Performance

Shares of NASDAQ LX opened at $1.96 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.89 and a current ratio of 1.89. LexinFintech has a fifty-two week low of $1.79 and a fifty-two week high of $7.99. The firm has a market capitalization of $328.30 million, a PE ratio of 1.50 and a beta of 0.83. The stock’s 50-day simple moving average is $2.22 and its 200-day simple moving average is $2.86.

LexinFintech Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, April 24th will be given a dividend of $0.188 per share. This represents a dividend yield of 1,757.0%. The ex-dividend date of this dividend is Friday, April 24th. LexinFintech’s dividend payout ratio (DPR) is 22.90%.

Institutional Investors Weigh In On LexinFintech

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LexinFintech by 65.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,818 shares of the company’s stock worth $31,000 after acquiring an additional 2,296 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of LexinFintech by 150.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,601 shares of the company’s stock worth $31,000 after acquiring an additional 5,773 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of LexinFintech by 350.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after acquiring an additional 7,756 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of LexinFintech during the 3rd quarter worth about $60,000. Finally, Quantbot Technologies LP acquired a new stake in shares of LexinFintech during the 2nd quarter worth about $107,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a research note on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.50.

LexinFintech Company Profile

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.