IQ EQ FUND MANAGEMENT IRELAND Ltd Takes Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in LexinFintech Holdings Ltd. (NASDAQ:LX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 12,035 shares of the company’s stock, valued at approximately $70,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of LexinFintech in the fourth quarter worth about $7,687,000. Walleye Capital LLC lifted its position in shares of LexinFintech by 235.5% in the 3rd quarter. Walleye Capital LLC now owns 726,588 shares of the company’s stock valued at $1,976,000 after acquiring an additional 510,014 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LexinFintech by 35.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company’s stock worth $8,703,000 after purchasing an additional 392,870 shares during the period. Sei Investments Co. grew its position in LexinFintech by 1,206.7% during the 4th quarter. Sei Investments Co. now owns 387,934 shares of the company’s stock worth $2,250,000 after purchasing an additional 358,245 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in LexinFintech by 68.3% during the 4th quarter. American Century Companies Inc. now owns 618,764 shares of the company’s stock valued at $3,589,000 after purchasing an additional 251,112 shares during the period.

LexinFintech Price Performance

Shares of LX opened at $11.11 on Friday. The business’s 50-day moving average is $8.82 and its 200-day moving average is $5.74. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.64 and a beta of 0.60. LexinFintech Holdings Ltd. has a fifty-two week low of $1.56 and a fifty-two week high of $11.64.

LexinFintech (NASDAQ:LX) last released 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 net margin of 5.34% and a return on equity of 7.47%.

LexinFintech Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This represents a dividend yield of 1.2%. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio (DPR) is currently 18.89%.

Wall Street Analysts Forecast Growth

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 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.