Hexindai (HX) Issues Quarterly Earnings Results

Hexindai (NASDAQ:HX) posted its quarterly earnings results on Monday. The company reported ($0.36) EPS for the quarter, Morningstar.com reports. Hexindai had a net margin of 59.99% and a return on equity of 60.43%. Hexindai updated its Q3 2019 guidance to EPS and its FY 2019 guidance to EPS.

HX stock opened at $3.18 on Tuesday. Hexindai has a fifty-two week low of $3.15 and a fifty-two week high of $13.52. The firm has a market cap of $222.02 million and a P/E ratio of 2.59.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Krane Funds Advisors LLC boosted its position in shares of Hexindai by 26.2% in the 3rd quarter. Krane Funds Advisors LLC now owns 205,773 shares of the company’s stock worth $1,621,000 after purchasing an additional 42,751 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Hexindai by 29.4% in the 3rd quarter. Acadian Asset Management LLC now owns 103,568 shares of the company’s stock valued at $817,000 after purchasing an additional 23,555 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Hexindai in the third quarter valued at about $762,000. Citadel Advisors LLC acquired a new stake in shares of Hexindai in the third quarter valued at about $223,000. Finally, Millennium Management LLC acquired a new stake in shares of Hexindai in the first quarter valued at about $130,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

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Hexindai Company Profile

Hexindai Inc operates a consumer lending marketplace that facilitates loans in China. It primarily focuses on facilitating medium-sized credit loans. The company provides borrowers a range of products based on customer segmentation data and tailored to the specific needs of the emerging middle class; and investors various types of investment products.

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Earnings History for Hexindai (NASDAQ:HX)

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