442,263 Shares in LexinFintech Holdings Ltd. (NASDAQ:LX) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC acquired a new stake in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 442,263 shares of the company's stock, valued at approximately $2,565,000. Voloridge Investment Management LLC owned 0.27% of LexinFintech at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in shares of LexinFintech in the fourth quarter valued at approximately $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of LexinFintech in the 4th quarter valued at about $70,000. Tower Research Capital LLC TRC raised its holdings in shares of LexinFintech by 146.5% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of LexinFintech in the 4th quarter valued at about $157,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of LexinFintech in the 4th quarter valued at about $166,000.

Wall Street Analyst Weigh In

Separately, UBS Group set a $13.60 price target on LexinFintech and gave the company a "buy" rating in a report on Friday, March 21st.

LexinFintech Trading Down 1.8%

LX traded down $0.13 on Friday, hitting $7.14. 2,642,589 shares of the company were exchanged, compared to its average volume of 3,028,587. The firm has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $7.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 1.66. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64. The stock has a market capitalization of $1.20 billion, a PE ratio of 11.33 and a beta of 0.46.

LexinFintech (NASDAQ:LX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $427.76 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.

LexinFintech Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Thursday, April 17th were paid a $0.11 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Thursday, April 17th. This is a boost from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio (DPR) is presently 16.04%.

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.