LexinFintech Target of Unusually Large Options Trading (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the target of some unusual options trading on Tuesday. Investors bought 4,131 put options on the company. This is an increase of approximately 221% compared to the average daily volume of 1,285 put options.

LexinFintech Stock Down 4.3 %

NASDAQ LX traded down $0.48 during mid-day trading on Tuesday, reaching $10.58. 4,337,661 shares of the company’s stock traded hands, compared to its average volume of 2,507,605. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech has a 1-year low of $1.56 and a 1-year high of $11.46. The company has a fifty day simple moving average of $8.46 and a 200-day simple moving average of $5.54. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 16.79 and a beta of 0.60.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. The firm had revenue of $501.26 million for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The company also recently declared 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. This represents a dividend yield of 1.2%. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. LexinFintech’s payout ratio is 24.44%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On LexinFintech

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the 4th quarter worth approximately $29,000. Wolverine Trading LLC acquired a new stake in shares of LexinFintech during the third quarter worth $29,000. Centiva Capital LP acquired a new position in shares of LexinFintech in the 3rd quarter valued at $41,000. Ameriprise Financial Inc. purchased a new position in LexinFintech in the 4th quarter worth about $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in LexinFintech during the 4th quarter worth about $70,000.

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.