LexinFintech Holdings Ltd. (NASDAQ:LX) Announces Semi-Annual Dividend of $0.07

LexinFintech Holdings Ltd. (NASDAQ:LX) announced a Semi-Annual dividend on Friday, March 22nd, Zacks reports. Investors of record on Thursday, April 18th will be given a dividend of 0.066 per share on Friday, May 24th. This represents a yield of 8.7%. The ex-dividend date is Wednesday, April 17th.

LexinFintech Stock Performance

Shares of LX stock opened at $1.68 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.50 and a current ratio of 1.50. LexinFintech has a fifty-two week low of $1.62 and a fifty-two week high of $3.01. The stock has a 50 day moving average price of $1.82 and a two-hundred day moving average price of $1.88. The company has a market capitalization of $273.39 million, a P/E ratio of 1.95 and a beta of 0.59.

LexinFintech (NASDAQ:LX) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.01 earnings per share for the quarter. LexinFintech had a return on equity of 11.24% and a net margin of 8.15%. The firm had revenue of $494.29 million during the quarter.

Hedge Funds Weigh In On LexinFintech

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. purchased a new position in shares of LexinFintech during the first quarter valued at approximately $31,000. Northern Trust Corp purchased a new stake in LexinFintech in the first quarter worth $35,000. Mackenzie Financial Corp purchased a new stake in LexinFintech in the fourth quarter worth $43,000. Vident Investment Advisory LLC grew its stake in LexinFintech by 88.8% in the fourth quarter. Vident Investment Advisory LLC now owns 25,422 shares of the company’s stock worth $48,000 after purchasing an additional 11,959 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in LexinFintech in the first quarter worth $77,000.

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.