LexinFintech Holdings Ltd. (NASDAQ:LX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,551,818 shares of the company’s stock after selling 59,672 shares during the period. Dimensional Fund Advisors LP’s holdings in LexinFintech were worth $2,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LX. Paloma Partners Management Co acquired a new stake in LexinFintech in the 1st quarter valued at about $30,000. Kathmere Capital Management LLC purchased a new position in LexinFintech in the second quarter worth approximately $36,000. QRG Capital Management Inc. grew its holdings in LexinFintech by 38.7% during the 1st quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after acquiring an additional 15,245 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of LexinFintech in the 1st quarter valued at approximately $149,000. Finally, American Century Companies Inc. raised its holdings in shares of LexinFintech by 33.2% in the 2nd quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock valued at $501,000 after purchasing an additional 75,759 shares in the last quarter.

LexinFintech Price Performance

LexinFintech stock opened at $3.35 on Friday. The stock has a market cap of $549.84 million, a P/E ratio of 5.00 and a beta of 0.56. The company has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $1.85. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.22. LexinFintech Holdings Ltd. has a 12-month low of $1.56 and a 12-month high of $4.70.

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

LexinFintech Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a yield of 6.9%. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. LexinFintech’s dividend payout ratio (DPR) is presently 19.40%.

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.