NINE MASTS CAPITAL Ltd Invests $249,000 in MINISO Group Holding Limited (NYSE:MNSO)

NINE MASTS CAPITAL Ltd purchased a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,000 shares of the company’s stock, valued at approximately $249,000.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after acquiring an additional 1,890 shares in the last quarter. Headlands Technologies LLC acquired a new stake in MINISO Group during the 1st quarter worth $93,000. Banque Cantonale Vaudoise purchased a new stake in shares of MINISO Group during the second quarter worth $118,000. Bayesian Capital Management LP acquired a new stake in shares of MINISO Group in the first quarter valued at about $201,000. Finally, Jump Financial LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at about $231,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Price Performance

NYSE:MNSO opened at $16.49 on Thursday. The stock has a 50 day moving average price of $16.60 and a 200 day moving average price of $19.58. The stock has a market cap of $5.21 billion, a PE ratio of 15.56, a P/E/G ratio of 0.66 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. MINISO Group Holding Limited has a one year low of $14.28 and a one year high of $29.92.

MINISO Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.274 per share. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group’s dividend payout ratio is presently 49.06%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on shares of MINISO Group from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd.

MINISO Group Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.