LexinFintech (NASDAQ:LX) Sees Unusually-High Trading Volume – What’s Next?

LexinFintech Holdings Ltd. (NASDAQ:LX) saw unusually-high trading volume on Monday . Approximately 836,233 shares were traded during trading, a decline of 44% from the previous session’s volume of 1,500,963 shares.The stock last traded at $3.45 and had previously closed at $3.20.

LexinFintech Stock Performance

The firm’s 50 day moving average price is $2.56 and its two-hundred day moving average price is $2.03. The firm has a market cap of $587.59 million, a PE ratio of 5.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77.

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

LexinFintech Increases Dividend

The company also recently declared 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 represents a yield of 6.9%. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date was Monday, September 16th. LexinFintech’s dividend payout ratio is 17.91%.

Hedge Funds Weigh In On LexinFintech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in LexinFintech by 16.3% in the 1st quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock valued at $2,555,000 after buying an additional 199,824 shares during the period. Renaissance Technologies LLC boosted its holdings in LexinFintech by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock valued at $1,686,000 after purchasing an additional 55,700 shares during the period. GSA Capital Partners LLP boosted its holdings in LexinFintech by 3.9% in the third quarter. GSA Capital Partners LLP now owns 435,219 shares of the company’s stock valued at $1,184,000 after purchasing an additional 16,312 shares during the period. American Century Companies Inc. grew its stake in LexinFintech by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after purchasing an additional 75,759 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in LexinFintech during the 1st 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.