LexinFintech (NASDAQ:LX) Shares Gap Up – Time to Buy?

LexinFintech Holdings Ltd. (NASDAQ:LX)’s share price gapped up prior to trading 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 trading hands.

LexinFintech Stock Performance

The stock has a 50 day moving average of $3.03 and a two-hundred day moving average of $2.19. The stock has a market capitalization of $604.00 million, a PE ratio of 5.49 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77.

LexinFintech (NASDAQ:LX) last issued 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 net margin of 5.80% and a return on equity of 8.16%.

LexinFintech Increases Dividend

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

Institutional Investors Weigh In On LexinFintech

Several institutional investors have recently modified their holdings of LX. Wolverine Trading LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth $29,000. Paloma Partners Management Co acquired a new position in LexinFintech during the first quarter worth about $30,000. Kathmere Capital Management LLC acquired a new position in LexinFintech during the second quarter worth about $36,000. Centiva Capital LP purchased a new stake in shares of LexinFintech in the third quarter valued at about $41,000. Finally, Virtu Financial LLC acquired a new stake in shares of LexinFintech in the third quarter valued at approximately $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.