LexinFintech (NASDAQ:LX) Shares Gap Up – Here’s What Happened

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) gapped up before the market opened on Tuesday . The stock had previously closed at $3.31, but opened at $3.44. LexinFintech shares last traded at $3.47, with a volume of 1,386,233 shares.

LexinFintech Stock Up 5.7 %

The firm has a market capitalization of $574.46 million, a PE ratio of 4.62 and a beta of 0.56. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $2.37 and a two-hundred day moving average of $1.96.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data 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 for the quarter.

LexinFintech Increases Dividend

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

Institutional Trading of LexinFintech

Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new position in shares of LexinFintech during the first quarter worth $30,000. Kathmere Capital Management LLC purchased a new stake in LexinFintech during the 2nd quarter worth $36,000. QRG Capital Management Inc. boosted its position in LexinFintech by 38.7% in the 1st 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of LexinFintech during the third quarter valued at about $122,000. Finally, Virtu Financial LLC purchased a new stake in shares of LexinFintech during the first quarter worth about $149,000.

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.