O Shaughnessy Asset Management LLC Purchases 120,336 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

O Shaughnessy Asset Management LLC raised its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 488.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,990 shares of the company’s stock after purchasing an additional 120,336 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.09% of LexinFintech worth $841,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in LexinFintech during the fourth quarter worth $29,000. Wolverine Trading LLC acquired a new position in shares of LexinFintech during the 3rd quarter worth about $29,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LexinFintech in the 4th quarter valued at about $70,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the fourth quarter valued at about $79,000. Finally, Centiva Capital LP bought a new stake in LexinFintech during the third quarter worth about $41,000.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Performance

NASDAQ LX opened at $7.18 on Tuesday. The firm’s fifty day moving average price is $9.10 and its two-hundred day moving average price is $6.12. LexinFintech Holdings Ltd. has a 1 year low of $1.56 and a 1 year high of $11.64. The firm has a market capitalization of $1.18 billion, a P/E ratio of 11.40 and a beta of 0.32. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last issued its earnings results on Tuesday, March 18th. The company reported $0.28 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The business had revenue of $501.26 million during the quarter.

LexinFintech Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This is an increase from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 1.2%. LexinFintech’s dividend payout ratio (DPR) is currently 18.89%.

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.