LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) is BRIGHT VALLEY CAPITAL Ltd's 3rd Largest Position

Key Points

• BRIGHT VALLEY CAPITAL Ltd has increased its stake in LexinFintech Holdings, acquiring 1,315,208 additional shares, bringing its total ownership to approximately 5.3 million shares, which now represents 18% of its portfolio.
• LexinFintech has recently declared a semi-annual dividend of $0.194 per share, significantly higher than its previous dividend of $0.11, indicating a yield of 440%.
• The company's stock performance shows a PE ratio of 5.48 and has a market cap of $1.17 billion, with shares trading around $6.96 as of the latest report.

BRIGHT VALLEY CAPITAL Ltd increased its position in shares of LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,305,208 shares of the company's stock after acquiring an additional 1,315,208 shares during the period. LexinFintech comprises approximately 18.0% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 3rd biggest holding. BRIGHT VALLEY CAPITAL Ltd owned about 3.15% of LexinFintech worth $53,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of LexinFintech during the 1st quarter valued at $44,048,000. WT Asset Management Ltd bought a new position in shares of LexinFintech during the 1st quarter valued at $20,483,000. JPMorgan Chase & Co. bought a new position in shares of LexinFintech during the 4th quarter valued at $7,687,000. Schonfeld Strategic Advisors LLC bought a new position in shares of LexinFintech during the 4th quarter valued at $7,510,000. Finally, Barclays PLC bought a new position in shares of LexinFintech during the 4th quarter valued at $7,131,000.

LexinFintech Stock Performance

Shares of LX opened at $6.96 on Thursday. The company has a market capitalization of $1.17 billion, a PE ratio of 5.48 and a beta of 0.47. LexinFintech Holdings Ltd. Sponsored ADR has a one year low of $1.63 and a one year high of $11.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.89 and a quick ratio of 1.88. The company's fifty day moving average price is $6.97 and its 200 day moving average price is $7.94.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.20 by $0.20. The firm had revenue of $500.62 million for the quarter, compared to the consensus estimate of $500.62 million. LexinFintech had a net margin of 11.50% and a return on equity of 14.67%.

LexinFintech Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, August 26th will be given a $0.194 dividend. The ex-dividend date is Tuesday, August 26th. This represents a yield of 440.0%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.11. LexinFintech's dividend payout ratio (DPR) is 14.17%.

LexinFintech announced that its board has initiated a stock repurchase program on Monday, July 21st that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of LexinFintech from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

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.

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