BRIGHT VALLEY CAPITAL Ltd Purchases 1,315,208 Shares of LexinFintech Holdings Ltd. Sponsored ADR $LX

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 raised its position in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX - Free Report) by 33.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,305,208 shares of the company's stock after purchasing an additional 1,315,208 shares during the quarter. LexinFintech accounts for approximately 18.0% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 3rd largest holding. BRIGHT VALLEY CAPITAL Ltd owned 3.15% of LexinFintech worth $53,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LX. Ameriprise Financial Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $61,000. Tower Research Capital LLC TRC increased its position in shares of LexinFintech by 146.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,160 shares of the company's stock valued at $71,000 after acquiring an additional 7,227 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of LexinFintech in the first quarter valued at about $103,000. Raymond James Financial Inc. acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $157,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of LexinFintech in the first quarter valued at about $164,000.

LexinFintech Stock Performance

NASDAQ LX traded down $0.49 during trading on Monday, reaching $6.21. 7,818,953 shares of the company's stock were exchanged, compared to its average volume of 3,554,464. The business has a 50 day moving average price of $6.94 and a 200-day moving average price of $7.92. The stock has a market capitalization of $1.04 billion, a P/E ratio of 4.89 and a beta of 0.47. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.89 and a quick ratio of 1.88. LexinFintech Holdings Ltd. Sponsored ADR has a fifty-two week low of $1.63 and a fifty-two week high of $11.64.

LexinFintech (NASDAQ:LX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 14.67% and a net margin of 11.50%.

LexinFintech declared that its Board of Directors has authorized a share repurchase program on Monday, July 21st that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

LexinFintech Increases Dividend

The firm 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 dividend of $0.194 per share. This represents a yield of 440.0%. This is a boost from LexinFintech's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend is Tuesday, August 26th. LexinFintech's dividend payout ratio (DPR) is presently 14.17%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded LexinFintech from a "buy" rating to a "hold" rating in a research 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.