BRIGHT VALLEY CAPITAL Ltd Lowers Stake in LexinFintech Holdings Ltd. Sponsored ADR $LX

BRIGHT VALLEY CAPITAL Ltd lessened its stake in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 89.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 394,698 shares of the company’s stock after selling 3,183,692 shares during the period. LexinFintech accounts for about 0.5% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 12th largest position. BRIGHT VALLEY CAPITAL Ltd owned 0.23% of LexinFintech worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new position in LexinFintech in the 3rd quarter worth about $60,000. Tower Research Capital LLC TRC raised its stake in shares of LexinFintech by 350.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock valued at $72,000 after acquiring an additional 7,756 shares in the last quarter. Prelude Capital Management LLC purchased a new stake in shares of LexinFintech in the third quarter valued at approximately $80,000. Quarry LP purchased a new stake in shares of LexinFintech in the third quarter valued at approximately $100,000. Finally, Quantbot Technologies LP bought a new position in LexinFintech in the second quarter worth approximately $107,000.

LexinFintech Trading Up 0.9%

NASDAQ LX opened at $2.16 on Friday. LexinFintech Holdings Ltd. Sponsored ADR has a one year low of $1.79 and a one year high of $7.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.02 and a current ratio of 2.03. The company has a market capitalization of $361.80 million, a price-to-earnings ratio of 1.88 and a beta of 0.84. The company’s 50-day simple moving average is $2.16 and its two-hundred day simple moving average is $2.68.

LexinFintech (NASDAQ:LX) last released its quarterly earnings data on Monday, May 25th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $479.95 million for the quarter. LexinFintech had a net margin of 10.78% and a return on equity of 12.12%.

LexinFintech Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, April 24th were given a dividend of $0.188 per share. This represents a yield of 1,757.0%. The ex-dividend date of this dividend was Friday, April 24th. LexinFintech’s dividend payout ratio (DPR) is 26.09%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.50.

About LexinFintech

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.