LexinFintech (NASDAQ:LX) Shares Gap Down – Time to Sell?

LexinFintech Holdings Ltd. (NASDAQ:LX) shares gapped down before the market opened on Friday . The stock had previously closed at $3.30, but opened at $3.18. LexinFintech shares last traded at $3.33, with a volume of 497,973 shares changing hands.

LexinFintech Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $556.40 million, a P/E ratio of 5.06 and a beta of 0.53. The business’s fifty day moving average is $2.99 and its two-hundred day moving average is $2.18.

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

LexinFintech Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Trading LLC acquired a new stake in shares of LexinFintech during the third quarter worth $29,000. Centiva Capital LP purchased a new position in LexinFintech during the third quarter valued at approximately $41,000. Paloma Partners Management Co acquired a new stake in LexinFintech during the first quarter valued at $30,000. Kathmere Capital Management LLC acquired a new position in shares of LexinFintech during the 2nd quarter worth approximately $36,000. Finally, Virtu Financial LLC purchased a new stake in LexinFintech in the 3rd quarter worth $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.