BRIGHT VALLEY CAPITAL Ltd Makes New $23.14 Million Investment in LexinFintech Holdings Ltd. (NASDAQ:LX)

BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,990,000 shares of the company's stock, valued at approximately $23,142,000. LexinFintech makes up 9.9% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 5th biggest position. BRIGHT VALLEY CAPITAL Ltd owned approximately 2.43% of LexinFintech at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LX. Sanctuary Advisors LLC acquired a new stake in shares of LexinFintech in the 4th quarter valued at $1,332,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of LexinFintech in the fourth quarter worth about $445,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of LexinFintech in the fourth quarter worth about $363,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of LexinFintech during the 4th quarter valued at about $29,000. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of LexinFintech during the 4th quarter valued at about $359,000.

LexinFintech Price Performance

Shares of LX stock traded down $0.31 during mid-day trading on Friday, reaching $7.79. The company's stock had a trading volume of 3,259,636 shares, compared to its average volume of 2,943,111. 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's 50-day moving average is $8.68 and its two-hundred day moving average is $6.91. LexinFintech Holdings Ltd. has a 1-year low of $1.57 and a 1-year high of $11.64. The company has a market cap of $1.31 billion, a P/E ratio of 12.37 and a beta of 0.46.

LexinFintech (NASDAQ:LX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.28 EPS 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 business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 17th will be given a $0.11 dividend. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. This represents a dividend 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%.

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.

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.