3,990,000 Shares in LexinFintech Holdings Ltd. (NASDAQ:LX) Acquired by BRIGHT VALLEY CAPITAL Ltd

BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,990,000 shares of the company’s stock, valued at approximately $23,142,000. LexinFintech comprises approximately 9.9% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of LexinFintech in the 4th quarter valued at approximately $29,000. Ameriprise Financial Inc. acquired a new position in LexinFintech during the 4th quarter valued at approximately $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of LexinFintech in the fourth quarter worth $70,000. Tower Research Capital LLC TRC lifted its stake in shares of LexinFintech by 146.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company’s stock worth $71,000 after buying an additional 7,227 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of LexinFintech during the third quarter valued at $74,000.

LexinFintech Price Performance

Shares of NASDAQ LX opened at $8.26 on Tuesday. 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 stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.11 and a beta of 0.46. The firm’s 50 day simple moving average is $8.72 and its 200-day simple moving average is $6.80. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64.

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

LexinFintech Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. This represents a yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is currently 18.89%.

Analysts Set New Price Targets

Separately, UBS Group set a $13.60 target price on LexinFintech and gave the stock a “buy” rating in a research note 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.