Walleye Capital LLC increased its position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) by 81.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,321,208 shares of the company's stock after buying an additional 594,620 shares during the quarter. Walleye Capital LLC owned about 0.80% of LexinFintech worth $7,663,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LX. Sanctuary Advisors LLC purchased a new position in shares of LexinFintech in the 4th quarter valued at $1,332,000. Public Employees Retirement System of Ohio purchased a new position in LexinFintech in the third quarter valued at about $467,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of LexinFintech during the fourth quarter worth about $445,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of LexinFintech in the fourth quarter worth about $363,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $29,000.
LexinFintech Stock Down 5.5 %
LexinFintech stock traded down $0.39 during midday trading on Monday, hitting $6.61. 603,995 shares of the stock were exchanged, compared to its average volume of 2,811,550. 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 current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.08 billion, a P/E ratio of 10.47 and a beta of 0.32. The company has a 50 day moving average price of $8.86 and a two-hundred day moving average price of $6.44.
LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. The business 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 business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.2%. This is an increase from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is presently 18.89%.
Analyst Ratings Changes
Separately, UBS Group set a $13.60 price target on LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
View Our Latest Research Report on LexinFintech
About LexinFintech
(
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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