Investors Purchase High Volume of LexinFintech Put Options (NASDAQ:LX)

LexinFintech Holdings Ltd. (NASDAQ:LX) was the recipient of unusually large options trading activity on Monday. Investors purchased 3,028 put options on the company. This is an increase of 322% compared to the average volume of 717 put options.

LexinFintech Price Performance

NASDAQ LX traded up $0.31 on Monday, hitting $3.66. The company had a trading volume of 7,482,026 shares, compared to its average volume of 1,360,175. The company’s fifty day moving average price is $2.05 and its 200-day moving average price is $1.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $600.72 million, a PE ratio of 4.79 and a beta of 0.56. LexinFintech has a 12-month low of $1.56 and a 12-month high of $4.70.

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

LexinFintech Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.072 per share. This represents a yield of 6.9%. The ex-dividend date is Monday, September 16th. This is a positive change from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s dividend payout ratio (DPR) is 15.79%.

Hedge Funds Weigh In On LexinFintech

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of LexinFintech during the first quarter worth about $149,000. American Century Companies Inc. increased its holdings in LexinFintech by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after purchasing an additional 75,759 shares during the period. Kathmere Capital Management LLC acquired a new stake in LexinFintech in the 2nd quarter valued at about $36,000. Acadian Asset Management LLC boosted its stake in shares of LexinFintech by 16.3% in the 1st quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock valued at $2,555,000 after buying an additional 199,824 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after buying an additional 55,700 shares in the last quarter.

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.