Jump Financial LLC Invests $2.83 Million in LexinFintech Holdings Ltd. (NASDAQ:LX)

Jump Financial LLC bought a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) during the 4th quarter, Holdings Channel reports. The fund bought 488,112 shares of the company’s stock, valued at approximately $2,831,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in LexinFintech by 237.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LexinFintech by 35.5% during the fourth 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in LexinFintech in the fourth quarter worth $7,687,000. Walleye Capital LLC raised its holdings in LexinFintech by 81.8% in the fourth 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 in the last quarter. Finally, Barclays PLC purchased a new position in LexinFintech during the fourth quarter valued at $7,131,000.

Wall Street Analysts Forecast Growth

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

LexinFintech Price Performance

LX stock opened at $6.99 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.10 and a beta of 0.32. The firm has a 50 day moving average price of $8.88 and a 200-day moving average price of $6.37. LexinFintech Holdings Ltd. has a 52-week low of $1.57 and a 52-week high of $11.64.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, March 18th. The company reported $0.28 EPS for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%. The business had revenue of $501.26 million for the quarter.

LexinFintech Increases Dividend

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

About LexinFintech

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.