LexinFintech Sees Unusually Large Options Volume (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of unusually large options trading on Wednesday. Stock investors purchased 11,522 call options on the stock. This is an increase of approximately 4,000% compared to the average daily volume of 281 call options.

Institutional Trading of LexinFintech

A number of institutional investors have recently made changes to their positions in LX. Acadian Asset Management LLC grew its stake in shares of LexinFintech by 16.3% in the first quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock worth $2,555,000 after purchasing an additional 199,824 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of LexinFintech in the 1st quarter worth approximately $149,000. American Century Companies Inc. increased its stake in shares of LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after buying an additional 75,759 shares during the period. Renaissance Technologies LLC lifted its stake in LexinFintech by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after acquiring an additional 55,700 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in LexinFintech in the third quarter worth $122,000.

LexinFintech Price Performance

LX stock opened at $3.40 on Friday. The firm has a market cap of $558.04 million, a P/E ratio of 4.47 and a beta of 0.53. The firm’s fifty day moving average is $1.86 and its 200 day moving average is $1.80. LexinFintech has a 52 week low of $1.56 and a 52 week high of $4.70. 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 announced its quarterly earnings data on Tuesday, August 27th. The company reported $0.19 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 8.16% and a net margin of 5.80%. The firm had revenue of $500.98 million for the quarter.

LexinFintech Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 16th will be paid a $0.072 dividend. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a yield of 6.9%. The ex-dividend date of this dividend is Monday, September 16th. LexinFintech’s payout ratio is 15.79%.

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.