Seven Eight Capital LP Invests $607,000 in MINISO Group Holding Limited (NYSE:MNSO)

Seven Eight Capital LP purchased a new stake in MINISO Group Holding Limited (NYSE:MNSO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,834 shares of the company’s stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MNSO. Blue Trust Inc. increased its holdings 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 purchasing an additional 1,890 shares during the period. Headlands Technologies LLC acquired a new position in MINISO Group in the 1st quarter valued at $93,000. Banque Cantonale Vaudoise acquired a new stake in shares of MINISO Group in the 2nd quarter worth $118,000. Bayesian Capital Management LP purchased a new stake in shares of MINISO Group in the first quarter valued at about $201,000. Finally, Jump Financial LLC acquired a new position in shares of MINISO Group during the fourth quarter worth about $231,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced 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 report on Tuesday, September 3rd.

MINISO Group Stock Down 1.2 %

MINISO Group stock opened at $16.46 on Friday. The company has a market cap of $5.20 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 0.68 and a beta of 0.17. MINISO Group Holding Limited has a 1-year low of $14.28 and a 1-year high of $28.28. The stock’s 50 day moving average price is $16.16 and its 200 day moving average price is $19.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93.

MINISO Group Dividend Announcement

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

MINISO Group Company 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.