Connor Clark & Lunn Investment Management Ltd. Acquires 226,479 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Connor Clark & Lunn Investment Management Ltd. grew its position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 25.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,107,663 shares of the company's stock after purchasing an additional 226,479 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.67% of LexinFintech worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LX. Paloma Partners Management Co bought a new stake in LexinFintech during the 1st quarter valued at approximately $30,000. Kathmere Capital Management LLC bought a new stake in shares of LexinFintech during the second quarter valued at approximately $36,000. SG Americas Securities LLC purchased a new position in shares of LexinFintech in the third quarter worth $122,000. Virtu Financial LLC purchased a new position in shares of LexinFintech in the first quarter worth $149,000. Finally, American Century Companies Inc. boosted its position in shares of LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company's stock worth $501,000 after acquiring an additional 75,759 shares during the last quarter.

LexinFintech Price Performance

NASDAQ:LX traded up $0.01 during trading hours on Monday, reaching $3.40. The stock had a trading volume of 3,337,942 shares, compared to its average volume of 1,618,517. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $558.04 million, a PE ratio of 5.06 and a beta of 0.53. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $4.70. The company has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $2.18.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%. The firm had revenue of $500.98 million during the quarter.

LexinFintech Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 16th were given a $0.072 dividend. This is a positive change from LexinFintech's previous Semi-Annual dividend of $0.07. This represents a yield of 6.9%. The ex-dividend date was Monday, September 16th. LexinFintech's dividend payout ratio is 19.40%.

LexinFintech Company 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.