Brilliance Asset Management Ltd. Acquires 701,943 Shares of LexinFintech Holdings Ltd. Sponsored ADR $LX

Brilliance Asset Management Ltd. increased its holdings in LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,601,592 shares of the company’s stock after acquiring an additional 701,943 shares during the period. LexinFintech comprises 4.6% of Brilliance Asset Management Ltd.’s investment portfolio, making the stock its 5th biggest holding. Brilliance Asset Management Ltd.’s holdings in LexinFintech were worth $11,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new stake in shares of LexinFintech in the 3rd quarter worth about $60,000. Tower Research Capital LLC TRC raised its holdings in shares of LexinFintech by 350.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,969 shares of the company’s stock worth $72,000 after acquiring an additional 7,756 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in shares of LexinFintech in the 3rd quarter worth about $80,000. Quarry LP acquired a new stake in shares of LexinFintech in the 3rd quarter worth about $100,000. Finally, Quantbot Technologies LP acquired a new stake in shares of LexinFintech in the 2nd quarter worth about $107,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of LexinFintech from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.50.

LexinFintech Trading Up 0.9%

NASDAQ:LX opened at $2.16 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.02 and a current ratio of 2.03. The firm has a market cap of $361.80 million, a price-to-earnings ratio of 1.88 and a beta of 0.84. LexinFintech Holdings Ltd. Sponsored ADR has a 52 week low of $1.79 and a 52 week high of $7.99. The firm has a 50-day moving average price of $2.16 and a two-hundred day moving average price of $2.68.

LexinFintech (NASDAQ:LX) last posted its quarterly earnings data on Monday, May 25th. The company reported $0.10 EPS for the quarter. The firm had revenue of $479.95 million during the quarter. LexinFintech had a net margin of 10.78% and a return on equity of 12.12%.

LexinFintech Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, April 24th were paid a $0.188 dividend. This represents a yield of 1,757.0%. The ex-dividend date was Friday, April 24th. LexinFintech’s dividend payout ratio is 26.09%.

LexinFintech Profile

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.