Marshall Wace LLP Sells 161,822 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

Marshall Wace LLP decreased its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 40.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,749 shares of the company’s stock after selling 161,822 shares during the period. Marshall Wace LLP owned approximately 0.15% of LexinFintech worth $397,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Paloma Partners Management Co bought a new stake in shares of LexinFintech in the 1st quarter worth $30,000. Kathmere Capital Management LLC bought a new stake in LexinFintech in the 2nd quarter worth about $36,000. QRG Capital Management Inc. raised its position in LexinFintech by 38.7% in the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after buying an additional 15,245 shares during the last quarter. Virtu Financial LLC bought a new position in LexinFintech during the 1st quarter valued at about $149,000. Finally, American Century Companies Inc. lifted its stake in LexinFintech by 33.2% during the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after acquiring an additional 75,759 shares during the period.

LexinFintech Stock Performance

Shares of LX stock opened at $3.10 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $2.01 and a 200-day moving average price of $1.85. LexinFintech Holdings Ltd. has a 52 week low of $1.56 and a 52 week high of $4.70. The firm has a market capitalization of $508.80 million, a PE ratio of 4.08 and a beta of 0.56.

LexinFintech (NASDAQ:LX) last posted its earnings results on Tuesday, August 27th. The company reported $0.19 EPS for the quarter. The business 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 announced a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 16th will be issued a $0.072 dividend. This is an increase from LexinFintech’s previous Semi-Annual dividend of $0.07. The ex-dividend date is Monday, September 16th. This represents a yield of 6.9%. LexinFintech’s dividend payout ratio is currently 15.79%.

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.