Trexquant Investment LP Acquires New Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

Trexquant Investment LP bought a new position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 98,120 shares of the company’s stock, valued at approximately $569,000.

A number of other hedge funds also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company’s stock valued at $21,478,000 after buying an additional 2,606,969 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in LexinFintech in the fourth quarter valued at approximately $7,687,000. Schroder Investment Management Group acquired a new stake in LexinFintech in the fourth quarter valued at approximately $5,301,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in LexinFintech by 35.5% in the fourth 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 last quarter. Finally, Sei Investments Co. increased its position in shares of LexinFintech by 1,206.7% during the fourth 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.

LexinFintech Price Performance

Shares of LX stock opened at $6.66 on Friday. LexinFintech Holdings Ltd. has a fifty-two week low of $1.56 and a fifty-two week high of $11.64. 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 $1.09 billion, a price-to-earnings ratio of 10.57 and a beta of 0.32. The stock’s 50-day simple moving average is $8.96 and its 200-day simple moving average is $6.27.

LexinFintech (NASDAQ:LX) last released its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share 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 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 given a $0.11 dividend. This represents a dividend yield of 1.2%. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. LexinFintech’s dividend payout ratio is presently 18.89%.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price objective 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.