Linden Advisors LP Takes $1.57 Million Position in MINISO Group Holding Limited Unsponsored ADR $MNSO

Key Points

• Linden Advisors LP has invested approximately $1.57 million in MINISO Group, acquiring 84,691 shares of the company's stock during the first quarter.
• MINISO Group recently reported disappointing earnings, with EPS of $0.22, missing estimates by $1.52, and facing a significant shortfall in revenue expectations.
• The company announced a dividend cut, with a dividend payout of $0.2896 scheduled for September 19th, representing a yield of 230.0% and a payout ratio of 51.40%.

Linden Advisors LP purchased a new stake in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 84,691 shares of the company's stock, valued at approximately $1,566,000.

Other large investors have also recently bought and sold shares of the company. KEYWISE CAPITAL MANAGEMENT HK Ltd boosted its holdings in shares of MINISO Group by 76.6% during the fourth quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 9,201,950 shares of the company's stock worth $219,835,000 after acquiring an additional 3,992,300 shares during the period. BNP Paribas Financial Markets bought a new position in shares of MINISO Group during the fourth quarter worth approximately $3,780,000. MY.Alpha Management HK Advisors Ltd lifted its holdings in MINISO Group by 37.5% during the 4th quarter. MY.Alpha Management HK Advisors Ltd now owns 554,964 shares of the company's stock worth $13,258,000 after purchasing an additional 151,364 shares during the last quarter. Tairen Capital Ltd boosted its stake in MINISO Group by 211.7% in the 4th quarter. Tairen Capital Ltd now owns 218,170 shares of the company's stock valued at $5,212,000 after purchasing an additional 148,170 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in MINISO Group by 54.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 215,206 shares of the company's stock valued at $5,141,000 after buying an additional 75,697 shares in the last quarter. 17.16% of the stock is owned by institutional investors.

MINISO Group Price Performance

MNSO traded up $0.27 on Friday, hitting $24.85. 600,374 shares of the stock were exchanged, compared to its average volume of 1,295,312. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.58 and a beta of 0.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.92 and a quick ratio of 1.50. MINISO Group Holding Limited Unsponsored ADR has a 12 month low of $12.51 and a 12 month high of $27.71. The business has a 50-day moving average of $19.65 and a two-hundred day moving average of $19.03.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $1.74 by ($1.52). The firm had revenue of $692.93 million during the quarter, compared to analyst estimates of $4.85 billion. MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. Sell-side analysts forecast that MINISO Group Holding Limited Unsponsored ADR will post 1.19 EPS for the current fiscal year.

MINISO Group Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.2896 dividend. This represents a dividend yield of 230.0%. The ex-dividend date of this dividend is Friday, September 5th. MINISO Group's dividend payout ratio (DPR) is currently 58.88%.

Analyst Ratings Changes

A number of research firms have recently weighed in on MNSO. Jefferies Financial Group raised MINISO Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Dbs Bank upgraded shares of MINISO Group to a "moderate buy" rating in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $20.00 target price on shares of MINISO Group in a report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.86.

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.