Traders Buy High Volume of Put Options on LexinFintech (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of unusually large options trading on Tuesday. Investors purchased 4,131 put options on the stock. This represents an increase of 221% compared to the average daily volume of 1,285 put options.

Institutional Trading of LexinFintech

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in shares of LexinFintech in the 4th quarter valued at $1,371,000. Public Employees Retirement System of Ohio boosted its holdings in shares of LexinFintech by 8.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 185,988 shares of the company’s stock valued at $1,079,000 after buying an additional 14,227 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of LexinFintech in the 4th quarter valued at about $2,565,000. Squarepoint Ops LLC acquired a new position in LexinFintech during the fourth quarter worth approximately $230,000. Finally, Point72 Asset Management L.P. bought a new stake in LexinFintech in the 4th quarter valued at $1,053,000.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of LexinFintech from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th.

LexinFintech Stock Performance

Shares of NASDAQ:LX traded down $0.48 during trading on Tuesday, reaching $10.58. The stock had a trading volume of 4,337,661 shares, compared to its average volume of 2,507,605. LexinFintech has a 52 week low of $1.56 and a 52 week high of $11.46. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.79 and a beta of 0.60. The stock has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $5.54.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. This is a boost from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. This represents a yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is currently 24.44%.

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.