LexinFintech (NASDAQ:LX) Shares Gap Down – Should You Sell?

Shares of LexinFintech Holdings Ltd. (NASDAQ:LX) gapped down prior to trading 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.

LexinFintech Stock Up 4.2 %

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 firm has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $2.17. The stock has a market cap of $564.61 million, a P/E ratio of 4.93 and a beta of 0.53.

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

LexinFintech Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 16th were paid a $0.072 dividend. This represents a dividend yield of 6.9%. The ex-dividend date was Monday, September 16th. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s payout ratio is currently 17.91%.

Institutional Trading of LexinFintech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in LexinFintech during the third quarter valued at about $74,000. Public Employees Retirement System of Ohio acquired a new position in LexinFintech in the 3rd quarter worth approximately $467,000. XTX Topco Ltd purchased a new position in LexinFintech during the 3rd quarter worth approximately $196,000. Jane Street Group LLC raised its stake in LexinFintech by 32.9% during the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock valued at $725,000 after purchasing an additional 65,964 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in shares of LexinFintech in the third quarter valued at $29,000.

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.