GSA Capital Partners LLP Sells 77,629 Shares of MINISO Group Holding Limited (NYSE:MNSO)

GSA Capital Partners LLP reduced its stake in shares of MINISO Group Holding Limited (NYSE:MNSO) by 79.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,974 shares of the company’s stock after selling 77,629 shares during the period. GSA Capital Partners LLP’s holdings in MINISO Group were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MNSO. Point72 Asia Singapore Pte. Ltd. purchased a new position in MINISO Group in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in MINISO Group in the 3rd quarter valued at approximately $78,000. Banque Cantonale Vaudoise purchased a new position in MINISO Group in the 2nd quarter valued at approximately $118,000. Finally, Bayesian Capital Management LP purchased a new position in MINISO Group in the 1st quarter valued at approximately $201,000. 17.16% of the stock is owned by institutional investors.

MINISO Group Stock Performance

NYSE MNSO opened at $16.67 on Friday. MINISO Group Holding Limited has a 52-week low of $12.51 and a 52-week high of $26.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38. The company has a market capitalization of $5.25 billion, a P/E ratio of 15.44, a P/E/G ratio of 0.72 and a beta of 0.15. The company has a fifty day moving average of $17.64 and a 200-day moving average of $18.51.

MINISO Group (NYSE:MNSO) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. The company had revenue of $555.26 million during the quarter, compared to the consensus estimate of $557.54 million. As a group, equities research analysts predict that MINISO Group Holding Limited will post 1.23 EPS for the current fiscal year.

MINISO Group Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.274 per share. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MNSO. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research report on Monday, September 23rd. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Citigroup began coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.90.

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.