LexinFintech (NASDAQ:LX) Shares Gap Up – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.40, but opened at $3.63. LexinFintech shares last traded at $3.68, with a volume of 1,651,281 shares.

LexinFintech Price Performance

The firm has a market capitalization of $604.00 million, a PE ratio of 5.49 and a beta of 0.53. 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 company has a fifty day moving average price of $3.03 and a two-hundred day moving average price of $2.19.

LexinFintech (NASDAQ:LX) last released its quarterly 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 firm also recently declared a Semi-Annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 16th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a yield of 6.9%. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s dividend payout ratio is currently 19.40%.

Hedge Funds Weigh In On LexinFintech

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Trading LLC acquired a new stake in shares of LexinFintech during the third quarter worth $29,000. Paloma Partners Management Co acquired a new stake in shares of LexinFintech in the 1st quarter worth $30,000. Kathmere Capital Management LLC purchased a new stake in shares of LexinFintech in the second quarter valued at about $36,000. Centiva Capital LP acquired a new position in shares of LexinFintech during the third quarter worth about $41,000. Finally, Virtu Financial LLC purchased a new position in LexinFintech during the third quarter worth about $74,000.

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.