Hel Ved Capital Management Ltd Acquires Shares of 1,130,000 LexinFintech Holdings Ltd. (NASDAQ:LX)

Hel Ved Capital Management Ltd bought a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,130,000 shares of the company's stock, valued at approximately $6,554,000. LexinFintech makes up about 1.9% of Hel Ved Capital Management Ltd's portfolio, making the stock its 16th biggest position. Hel Ved Capital Management Ltd owned 0.69% of LexinFintech as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in LexinFintech during the 4th quarter valued at $29,000. Wolverine Trading LLC acquired a new position in LexinFintech in the 3rd quarter valued at approximately $29,000. Centiva Capital LP bought a new stake in shares of LexinFintech in the 3rd quarter valued at approximately $41,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in LexinFintech during the fourth quarter worth $70,000. Finally, Virtu Financial LLC acquired a new position in LexinFintech during the third quarter valued at approximately $74,000.

Analyst Upgrades and Downgrades

Separately, UBS Group set a $13.60 target price on shares of LexinFintech and gave the stock a "buy" rating in a research report on Friday, March 21st.

LexinFintech Price Performance

LX stock traded up $0.05 during midday trading on Thursday, reaching $6.87. 3,093,746 shares of the company's stock traded hands, compared to its average volume of 2,731,864. The company has a 50-day simple moving average of $9.00 and a two-hundred day simple moving average of $6.20. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 10.79 and a beta of 0.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech Holdings Ltd. has a 1-year low of $1.56 and a 1-year high of $11.64.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The company had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. LexinFintech's dividend payout ratio (DPR) is currently 18.89%.

LexinFintech 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.