DGS Capital Management LLC Trims Holdings in LexinFintech Holdings Ltd. (NASDAQ:LX)

DGS Capital Management LLC trimmed its position in LexinFintech Holdings Ltd. (NASDAQ:LX) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,402 shares of the company’s stock after selling 44,712 shares during the period. DGS Capital Management LLC’s holdings in LexinFintech were worth $146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of LexinFintech by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,816,702 shares of the company’s stock worth $8,140,000 after acquiring an additional 318,874 shares during the period. BlackRock Inc. raised its holdings in LexinFintech by 8.1% in the first quarter. BlackRock Inc. now owns 2,758,616 shares of the company’s stock valued at $7,476,000 after buying an additional 207,460 shares during the period. Dimensional Fund Advisors LP raised its holdings in LexinFintech by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,228,900 shares of the company’s stock valued at $3,765,000 after buying an additional 101,714 shares during the period. State Street Corp raised its holdings in LexinFintech by 2.2% in the third quarter. State Street Corp now owns 1,485,575 shares of the company’s stock valued at $2,511,000 after buying an additional 31,750 shares during the period. Finally, Marshall Wace LLP raised its holdings in LexinFintech by 3.2% in the third quarter. Marshall Wace LLP now owns 1,229,798 shares of the company’s stock valued at $2,078,000 after buying an additional 38,467 shares during the period.

LexinFintech Trading Down 1.5 %

LX opened at $1.56 on Thursday. The firm has a market capitalization of $253.86 million, a P/E ratio of 1.81 and a beta of 0.59. The firm’s 50 day moving average is $1.82 and its 200-day moving average is $1.87. LexinFintech Holdings Ltd. has a 52-week low of $1.56 and a 52-week high of $3.01. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.10.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $494.29 million for the quarter. LexinFintech had a net margin of 8.15% and a return on equity of 11.24%.

LexinFintech Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 18th will be given a dividend of $0.066 per share. This represents a dividend yield of 8.7%. The ex-dividend date is Wednesday, April 17th. LexinFintech’s payout ratio is currently 23.26%.

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.