Arrowstreet Capital Limited Partnership raised its position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 237.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,703,154 shares of the company's stock after buying an additional 2,606,969 shares during the period. Arrowstreet Capital Limited Partnership owned 2.26% of LexinFintech worth $21,478,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of LX. Centiva Capital LP purchased a new stake in shares of LexinFintech during the 3rd quarter valued at $41,000. Quadrature Capital Ltd bought a new position in LexinFintech during the third quarter valued at about $397,000. Wolverine Trading LLC bought a new stake in LexinFintech in the third quarter worth about $29,000. Jane Street Group LLC raised its position in LexinFintech by 32.9% in the third quarter. Jane Street Group LLC now owns 266,547 shares of the company's stock worth $725,000 after acquiring an additional 65,964 shares during the period. Finally, XTX Topco Ltd purchased a new position in LexinFintech in the third quarter valued at about $196,000.
LexinFintech Stock Performance
Shares of NASDAQ LX traded down $0.61 during trading on Tuesday, reaching $6.57. 6,122,422 shares of the stock traded hands, compared to its average volume of 2,693,211. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $1.08 billion, a P/E ratio of 10.43 and a beta of 0.32. LexinFintech Holdings Ltd. has a 52-week low of $1.56 and a 52-week high of $11.64. The company has a 50-day moving average of $9.06 and a 200-day moving average of $6.16.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $501.26 million for the quarter.
LexinFintech Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be paid a $0.11 dividend. This represents a yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. LexinFintech's payout ratio is currently 18.89%.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 price target on shares of LexinFintech and gave the stock a "buy" rating in a research note on Friday, March 21st.
Get Our Latest Stock Report on LX
About LexinFintech
(
Free Report)
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.
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