LexinFintech (NASDAQ:LX) Announces Earnings Results

LexinFintech (NASDAQ:LX) posted its quarterly earnings data on Thursday. The company reported $0.17 earnings per share for the quarter, reports. LexinFintech had a net margin of 7.02% and a return on equity of 9.71%. The business had revenue of $449.00 million for the quarter.

LexinFintech Trading Up 2.2 %

NASDAQ LX opened at $1.87 on Friday. The company’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.84. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.10. The stock has a market cap of $306.92 million, a PE ratio of 2.46 and a beta of 0.55. LexinFintech has a 12 month low of $1.56 and a 12 month high of $3.01.

LexinFintech Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, May 24th. Stockholders of record on Thursday, April 18th were issued a $0.066 dividend. This represents a dividend yield of 8.7%. The ex-dividend date was Wednesday, April 17th. LexinFintech’s payout ratio is presently 15.79%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in shares of LexinFintech in the first quarter worth about $30,000. Tower Research Capital LLC TRC grew its holdings in LexinFintech by 257.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 25,248 shares of the company’s stock worth $46,000 after acquiring an additional 18,189 shares in the last quarter. ABS Direct Equity Fund LLC bought a new position in LexinFintech during the 4th quarter worth about $47,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in LexinFintech during the 3rd quarter worth about $64,000. Finally, Bank of New York Mellon Corp grew its holdings in LexinFintech by 29.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 33,206 shares of the company’s stock worth $73,000 after acquiring an additional 7,514 shares in the last quarter.

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.