Voloridge Investment Management LLC Invests $2.57 Million in LexinFintech Holdings Ltd. (NASDAQ:LX)

Voloridge Investment Management LLC purchased a new position in LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter.

Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. acquired a new stake in LexinFintech in the fourth quarter worth $61,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech in the fourth quarter valued at $70,000. Tower Research Capital LLC TRC lifted its stake 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 buying an additional 7,227 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of LexinFintech in the fourth quarter valued at $157,000. Finally, NewEdge Advisors LLC bought a new position in shares of LexinFintech in the fourth quarter valued at $166,000.

LexinFintech Stock Down 1.8%

Shares of LexinFintech stock traded down $0.13 during trading hours on Friday, reaching $7.14. The company's stock had a trading volume of 2,642,589 shares, compared to its average volume of 3,048,663. 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 stock's fifty day simple moving average is $8.15 and its two-hundred day simple moving average is $7.44. LexinFintech Holdings Ltd. has a one year low of $1.57 and a one year high of $11.64. The company has a market capitalization of $1.20 billion, a P/E ratio of 11.33 and a beta of 0.46.

LexinFintech (NASDAQ:LX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The company reported $0.33 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 $427.76 million for the quarter.

LexinFintech Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 17th were given a dividend of $0.11 per share. 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 was Thursday, April 17th. LexinFintech's dividend payout ratio (DPR) is presently 16.04%.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $13.60 price objective on shares of LexinFintech and gave the company a "buy" rating in a research note on Friday, March 21st.

LexinFintech 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.