Landscape Capital Management L.L.C. Purchases Shares of 41,505 LexinFintech Holdings Ltd. (NASDAQ:LX)

Landscape Capital Management L.L.C. acquired a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,505 shares of the company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trexquant Investment LP acquired a new position in LexinFintech in the 4th quarter valued at approximately $569,000. Geode Capital Management LLC lifted its holdings in shares of LexinFintech by 44.7% during the fourth quarter. Geode Capital Management LLC now owns 74,127 shares of the company's stock worth $430,000 after buying an additional 22,885 shares during the last quarter. Alliancebernstein L.P. bought a new position in shares of LexinFintech during the 4th quarter worth about $1,098,000. O Shaughnessy Asset Management LLC lifted its position in shares of LexinFintech by 488.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 144,990 shares of the company's stock worth $841,000 after acquiring an additional 120,336 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of LexinFintech during the 4th quarter worth about $5,301,000.

Analyst Ratings Changes

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

LexinFintech Trading Up 8.7 %

LX stock traded up $0.58 during midday trading on Monday, hitting $7.24. 1,642,196 shares of the company's stock were exchanged, compared to its average volume of 2,766,282. LexinFintech Holdings Ltd. has a one year low of $1.56 and a one year high of $11.64. The stock's fifty day moving average price is $8.96 and its 200-day moving average price is $6.30. The company has a market cap of $1.19 billion, a PE ratio of 11.49 and a beta of 0.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66.

LexinFintech (NASDAQ:LX - Get Free Report) last released 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 business had revenue of $501.26 million for 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 given a dividend of $0.11 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 18.89%.

About LexinFintech

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.