Seldon Capital LP Makes New $2.27 Million Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

Seldon Capital LP bought a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 390,834 shares of the company's stock, valued at approximately $2,267,000. LexinFintech comprises about 0.9% of Seldon Capital LP's holdings, making the stock its 25th biggest position. Seldon Capital LP owned 0.24% of LexinFintech at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of LexinFintech by 237.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 shares during the period. Dimensional Fund Advisors LP boosted its position in LexinFintech by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock worth $10,409,000 after purchasing an additional 315,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LexinFintech by 35.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock valued at $8,703,000 after purchasing an additional 392,870 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of LexinFintech during the 4th quarter valued at about $7,687,000. Finally, Walleye Capital LLC lifted its stake in shares of LexinFintech by 81.8% in the 4th quarter. Walleye Capital LLC now owns 1,321,208 shares of the company's stock worth $7,663,000 after purchasing an additional 594,620 shares during the period.

Wall Street Analysts Forecast Growth

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

LexinFintech Stock Performance

NASDAQ LX traded up $0.36 on Thursday, hitting $8.35. 5,093,676 shares of the company traded hands, compared to its average volume of 2,859,032. The business's 50 day moving average price is $8.81 and its 200-day moving average price is $6.48. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week high of $11.64. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.25 and a beta of 0.32.

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

LexinFintech Increases Dividend

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

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.