63,158 Shares in LexinFintech Holdings Ltd. (NASDAQ:LX) Acquired by LMR Partners LLP

LMR Partners LLP acquired a new position in LexinFintech Holdings Ltd. (NASDAQ:LX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,158 shares of the company’s stock, valued at approximately $366,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in LexinFintech during the 4th quarter valued at $29,000. Tower Research Capital LLC TRC boosted its position in LexinFintech by 146.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock valued at $71,000 after acquiring an additional 7,227 shares in the last quarter. QRG Capital Management Inc. boosted its position in LexinFintech by 24.1% during the 4th quarter. QRG Capital Management Inc. now owns 45,124 shares of the company’s stock valued at $262,000 after acquiring an additional 8,752 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in LexinFintech during the 4th quarter valued at $61,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LexinFintech during the 4th quarter valued at $70,000.

Analysts Set New Price Targets

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.

LexinFintech Stock Performance

Shares of LX opened at $9.05 on Thursday. The firm has a market cap of $1.52 billion, a PE ratio of 14.37 and a beta of 0.46. 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 stock has a fifty day moving average price of $8.65 and a 200-day moving average price of $7.00. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64.

LexinFintech (NASDAQ:LX) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $501.26 million during 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 announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be paid a $0.11 dividend. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is 18.89%.

LexinFintech 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.