LexinFintech Holdings Ltd. (NASDAQ:LX) Stake Trimmed by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in LexinFintech Holdings Ltd. (NASDAQ:LX) by 30.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,658 shares of the company’s stock after selling 13,463 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in LexinFintech were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. QRG Capital Management Inc. grew its position in LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock valued at $98,000 after purchasing an additional 15,245 shares in the last quarter. Acadian Asset Management LLC grew its position in LexinFintech by 16.3% during the first quarter. Acadian Asset Management LLC now owns 1,424,065 shares of the company’s stock valued at $2,555,000 after purchasing an additional 199,824 shares in the last quarter. Paloma Partners Management Co purchased a new position in LexinFintech during the first quarter valued at approximately $30,000. Virtu Financial LLC purchased a new position in LexinFintech during the first quarter valued at approximately $149,000. Finally, Kathmere Capital Management LLC purchased a new position in LexinFintech during the second quarter valued at approximately $36,000.

LexinFintech Stock Performance

Shares of LX opened at $3.64 on Friday. The company’s 50 day moving average price is $1.89 and its 200 day moving average price is $1.81. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $4.70. The company has a market capitalization of $597.43 million, a PE ratio of 4.79 and a beta of 0.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77.

LexinFintech (NASDAQ:LX) last posted its earnings results on Tuesday, August 27th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $500.98 million during the quarter. LexinFintech had a net margin of 5.80% and a return on equity of 8.16%.

LexinFintech Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, September 16th will be paid a $0.072 dividend. This represents a dividend yield of 6.9%. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date is Monday, September 16th. LexinFintech’s payout ratio is presently 15.79%.

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.