Bayesian Capital Management LP Purchases New Stake in Lufax Holding Ltd (NYSE:LU)

Bayesian Capital Management LP purchased a new stake in shares of Lufax Holding Ltd (NYSE:LU) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,221 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors also recently added to or reduced their stakes in LU. Sequoia Financial Advisors LLC purchased a new stake in Lufax during the first quarter valued at about $60,000. PFG Investments LLC purchased a new stake in Lufax during the first quarter valued at about $76,000. PDS Planning Inc purchased a new stake in Lufax during the first quarter valued at about $78,000. Diversified Trust Co purchased a new stake in Lufax during the first quarter valued at about $92,000. Finally, DGS Capital Management LLC purchased a new stake in Lufax during the first quarter valued at about $111,000. Institutional investors own 69.14% of the company’s stock.

Lufax Price Performance

NYSE LU opened at $2.68 on Friday. Lufax Holding Ltd has a 52 week low of $2.00 and a 52 week high of $7.28. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. The firm’s 50-day simple moving average is $2.83 and its two-hundred day simple moving average is $3.27.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.