Point72 Asia Singapore Pte. Ltd. Lowers Stock Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) by 30.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,658 shares of the company’s stock after selling 13,463 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in LexinFintech were worth $51,000 as of its most recent SEC filing.

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

LexinFintech Price Performance

Shares of NASDAQ LX opened at $2.72 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.77 and a current ratio of 1.77. LexinFintech Holdings Ltd. has a one year low of $1.56 and a one year high of $2.94. The firm has a market capitalization of $446.43 million, a P/E ratio of 3.58 and a beta of 0.53. The company’s fifty day moving average is $1.74 and its two-hundred day moving average is $1.76.

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

LexinFintech Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 16th will be issued a dividend of $0.072 per share. The ex-dividend date is Monday, September 16th. This is a boost from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a yield of 6.9%. LexinFintech’s payout ratio is currently 15.79%.

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.