LexinFintech (NASDAQ:LX) Shares Down 11.6% - Here's What Happened - BBNS
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a “buy” rating in a research note on Friday, March 21st.
The firm has a market capitalization of $1.18 billion, a PE ratio of 11.40 and a beta of 0.32. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $9.11 and a two-hundred day moving average price of $6.08.
LexinFintech (NASDAQ:LX – Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The firm had revenue of $501.26 million during the quarter.
The business also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 1.2%. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. LexinFintech’s payout ratio is presently 18.89%.
Several institutional investors have recently bought and sold shares of LX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its holdings in LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after acquiring an additional 7,227 shares during the period. QRG Capital Management Inc. raised its position in LexinFintech by 24.1% in the fourth quarter. QRG Capital Management Inc. now owns 45,124 shares of the company’s stock worth $262,000 after acquiring an additional 8,752 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the fourth quarter valued at $61,000. Finally, Wolverine Trading LLC purchased a new stake in shares of LexinFintech during the 3rd quarter worth $29,000.
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.
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