Jump Financial LLC bought a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 488,112 shares of the company's stock, valued at approximately $2,831,000. Jump Financial LLC owned about 0.30% of LexinFintech as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in LX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in LexinFintech in the fourth quarter valued at about $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LexinFintech in the fourth quarter valued at about $70,000. Kathmere Capital Management LLC bought a new stake in LexinFintech in the fourth quarter valued at about $79,000. Raymond James Financial Inc. bought a new stake in LexinFintech in the fourth quarter valued at about $157,000. Finally, Virtu Financial LLC bought a new stake in LexinFintech in the third quarter valued at about $74,000.
LexinFintech Trading Up 9.1 %
NASDAQ:LX traded up $0.67 on Wednesday, reaching $8.01. The company's stock had a trading volume of 2,217,196 shares, compared to its average volume of 3,942,801. LexinFintech Holdings Ltd. has a 1-year low of $1.57 and a 1-year high of $11.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $1.31 billion, a PE ratio of 12.71 and a beta of 0.32. The business's 50-day moving average price is $8.81 and its two-hundred day moving average price is $6.46.
LexinFintech (NASDAQ:LX - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The firm had revenue of $501.26 million during the quarter.
LexinFintech Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be paid a $0.11 dividend. This represents a yield of 1.2%. This is a boost 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 presently 18.89%.
Wall Street Analyst Weigh In
Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.
Get Our Latest Report on LexinFintech
LexinFintech Company Profile
(
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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