Van ECK Associates Corp Purchases 64,373 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Van ECK Associates Corp boosted its position in shares of MINISO Group Holding Limited (NYSE:MNSO) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615,473 shares of the company’s stock after acquiring an additional 64,373 shares during the period. Van ECK Associates Corp owned 0.19% of MINISO Group worth $12,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in MINISO Group by 95.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock worth $26,000 after purchasing an additional 492 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in MINISO Group during the fourth quarter valued at about $206,000. Handelsinvest Investeringsforvaltning acquired a new position in MINISO Group in the 4th quarter valued at approximately $231,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of MINISO Group in the 3rd quarter worth approximately $339,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of MINISO Group in the 3rd quarter worth approximately $343,000. 17.16% of the stock is owned by institutional investors and hedge funds.

MINISO Group Stock Performance

NYSE:MNSO opened at $24.20 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $20.27 and a 200 day moving average price of $21.28. The firm has a market capitalization of $7.65 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.23. MINISO Group Holding Limited has a 12-month low of $14.46 and a 12-month high of $29.92.

MINISO Group (NYSE:MNSO) last announced its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $541.04 million during the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. Research analysts anticipate that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a yield of 2%. MINISO Group’s payout ratio is 38.24%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. assumed coverage on MINISO Group in a research note on Tuesday. They issued an “overweight” rating and a $30.00 target price for the company.

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.