Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in LexinFintech Holdings Ltd. (NASDAQ:LX)

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) by 25.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,107,663 shares of the company’s stock after purchasing an additional 226,479 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in LexinFintech were worth $3,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Paloma Partners Management Co acquired a new position in LexinFintech in the first quarter valued at $30,000. Kathmere Capital Management LLC acquired a new stake in shares of LexinFintech in the 2nd quarter worth $36,000. SG Americas Securities LLC purchased a new stake in shares of LexinFintech in the third quarter valued at about $122,000. Virtu Financial LLC purchased a new position in LexinFintech during the first quarter worth about $149,000. Finally, American Century Companies Inc. raised its holdings in LexinFintech by 33.2% during the second quarter. American Century Companies Inc. now owns 303,931 shares of the company’s stock worth $501,000 after purchasing an additional 75,759 shares in the last quarter.

LexinFintech Stock Up 2.7 %

LexinFintech stock opened at $3.39 on Monday. The stock’s 50 day moving average price is $2.99 and its 200 day moving average price is $2.18. LexinFintech Holdings Ltd. has a 1-year low of $1.56 and a 1-year high of $4.70. The company has a market cap of $556.40 million, a PE ratio of 5.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.77 and a quick ratio of 1.77.

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

LexinFintech Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 16th were issued a $0.072 dividend. The ex-dividend date was 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 dividend payout ratio (DPR) is 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.