GSA Capital Partners LLP Purchases 16,312 Shares of LexinFintech Holdings Ltd. (NASDAQ:LX)

GSA Capital Partners LLP increased its position in shares of LexinFintech Holdings Ltd. (NASDAQ:LX) by 3.9% during the third quarter, HoldingsChannel reports. The fund owned 435,219 shares of the company’s stock after buying an additional 16,312 shares during the quarter. GSA Capital Partners LLP’s holdings in LexinFintech were worth $1,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LX. QRG Capital Management Inc. lifted its holdings in shares of LexinFintech by 38.7% during the first quarter. QRG Capital Management Inc. now owns 54,606 shares of the company’s stock worth $98,000 after purchasing an additional 15,245 shares during the period. Paloma Partners Management Co acquired a new position in LexinFintech during the 1st quarter worth about $30,000. Kathmere Capital Management LLC bought a new stake in shares of LexinFintech in the 2nd quarter valued at about $36,000. SG Americas Securities LLC acquired a new stake in shares of LexinFintech in the third quarter valued at about $122,000. Finally, Renaissance Technologies LLC raised its position in shares of LexinFintech by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,021,700 shares of the company’s stock worth $1,686,000 after acquiring an additional 55,700 shares during the last quarter.

LexinFintech Price Performance

LexinFintech stock opened at $3.17 on Friday. The firm has a market cap of $520.29 million, a P/E ratio of 4.67 and a beta of 0.53. The stock’s 50 day moving average is $2.78 and its 200 day moving average is $2.11. 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 Holdings Ltd. has a one year low of $1.56 and a one year high of $4.70.

LexinFintech (NASDAQ:LX) last posted 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 company had revenue of $500.98 million for the quarter.

LexinFintech Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 16th were given a $0.072 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from LexinFintech’s previous Semi-Annual dividend of $0.07. This represents a dividend yield of 6.9%. LexinFintech’s dividend payout ratio (DPR) is 17.91%.

LexinFintech Company Profile

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.