Walleye Capital LLC Has $7.66 Million Stake in LexinFintech Holdings Ltd. (NASDAQ:LX)

Walleye Capital LLC grew its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 81.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,321,208 shares of the company’s stock after buying an additional 594,620 shares during the quarter. Walleye Capital LLC owned 0.80% of LexinFintech worth $7,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Trading LLC acquired a new stake in LexinFintech in the third quarter valued at approximately $29,000. Jane Street Group LLC lifted its stake in shares of LexinFintech by 32.9% in the 3rd quarter. Jane Street Group LLC now owns 266,547 shares of the company’s stock valued at $725,000 after acquiring an additional 65,964 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of LexinFintech during the 3rd quarter valued at $196,000. Public Employees Retirement System of Ohio bought a new stake in LexinFintech during the 3rd quarter worth $467,000. Finally, Virtu Financial LLC acquired a new position in LexinFintech in the 3rd quarter worth about $74,000.

Analyst Upgrades and Downgrades

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

LexinFintech Stock Performance

Shares of LexinFintech stock opened at $7.30 on Wednesday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 11.59 and a beta of 0.32. LexinFintech Holdings Ltd. has a twelve month low of $1.56 and a twelve month high of $11.64. The company’s fifty day moving average is $8.93 and its 200 day moving average is $6.34. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10.

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

LexinFintech Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be given a $0.11 dividend. This represents a yield of 1.2%. This is a positive change from LexinFintech’s previous semi-annual dividend of $0.07. The ex-dividend date is Thursday, April 17th. LexinFintech’s payout ratio is presently 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.