LexinFintech (NASDAQ:LX) Stock Price Up 6.3% – Still a Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX) was up 6.3% during trading on Friday . The company traded as high as $3.38 and last traded at $3.37. Approximately 565,620 shares changed hands during trading, a decline of 62% from the average daily volume of 1,495,951 shares. The stock had previously closed at $3.17.

LexinFintech Stock Performance

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $2.46 and a 200 day moving average price of $1.99. The stock has a market cap of $533.42 million, a PE ratio of 4.74 and a beta of 0.56.

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

LexinFintech Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were issued a $0.072 dividend. The ex-dividend date was Monday, September 16th. This is a positive change from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a yield of 6.9%. LexinFintech’s dividend payout ratio is 19.40%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co bought a new position in shares of LexinFintech during the first quarter valued at approximately $30,000. Kathmere Capital Management LLC purchased a new position in LexinFintech during the second quarter valued at $36,000. SG Americas Securities LLC bought a new stake in LexinFintech in the third quarter worth $122,000. QRG Capital Management Inc. grew its stake in shares of LexinFintech by 38.7% in the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after acquiring an additional 15,245 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of LexinFintech during the first quarter valued at $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.