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

LexinFintech Holdings Ltd. (NASDAQ:LXGet Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 11,522 call options on the company. This represents an increase of 4,000% compared to the average volume of 281 call options.

LexinFintech Stock Performance

Shares of LexinFintech stock opened at $3.40 on Friday. The business has a 50-day simple moving average of $1.86 and a 200 day simple moving average of $1.80. LexinFintech has a one year low of $1.56 and a one 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. The firm has a market capitalization of $558.04 million, a price-to-earnings ratio of 4.47 and a beta of 0.53.

LexinFintech (NASDAQ:LXGet Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 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 during the quarter.

LexinFintech Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Paloma Partners Management Co purchased a new position in LexinFintech in the first quarter worth $30,000. Kathmere Capital Management LLC purchased a new position in shares of LexinFintech in the 2nd quarter worth about $36,000. QRG Capital Management Inc. grew 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 valued at $98,000 after buying an additional 15,245 shares during the period. SG Americas Securities LLC purchased a new stake in LexinFintech during the third quarter worth about $122,000. Finally, Virtu Financial LLC bought a new stake in LexinFintech in the first quarter worth about $149,000.

LexinFintech Company Profile

(Get Free Report)

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.

Further Reading

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