Mackenzie Financial Corp Buys Shares of 236,339 LexinFintech Holdings Ltd. (NASDAQ:LX)
Mackenzie Financial Corp bought a new stake in shares of LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 236,339 shares of the company's stock, valued at approximately $1,371,000. Mackenzie Financial Corp owned about 0.14% of LexinFintech as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BRIGHT VALLEY CAPITAL Ltd purchased a new position in LexinFintech in the 4th quarter worth about $23,142,000. Arrowstreet Capital Limited Partnership grew its stake in LexinFintech by 237.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,703,154 shares of the company's stock worth $21,478,000 after acquiring an additional 2,606,969 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LexinFintech by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,793,751 shares of the company's stock worth $10,409,000 after acquiring an additional 315,243 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of LexinFintech by 35.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500,533 shares of the company's stock valued at $8,703,000 after acquiring an additional 392,870 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of LexinFintech during the fourth quarter valued at approximately $7,687,000.
Separately, UBS Group set a $13.60 price objective on LexinFintech and gave the stock a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Stock Report on LX
Shares of LexinFintech stock opened at $7.14 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $8.15 and its 200-day moving average price is $7.41. The firm has a market cap of $1.20 billion, a P/E ratio of 11.33 and a beta of 0.46. LexinFintech Holdings Ltd. has a 12 month low of $1.57 and a 12 month high of $11.64.
LexinFintech (NASDAQ:LX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $0.33 earnings per share (EPS) for the quarter. LexinFintech had a net margin of 5.34% and a return on equity of 7.47%. The company had revenue of $427.76 million for the quarter.
The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 17th were issued a dividend of $0.11 per share. This represents a yield of 1.2%. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. The ex-dividend date was Thursday, April 17th. LexinFintech's dividend payout ratio (DPR) is presently 16.04%.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LexinFintech Holdings Ltd. (NASDAQ:LX - Free Report).
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