ABS Direct Equity Fund LLC Invests $1.55 Million in MINISO Group Holding Limited (NYSE:MNSO)

ABS Direct Equity Fund LLC bought a new position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,841 shares of the company's stock, valued at approximately $1,547,000. MINISO Group makes up about 1.5% of ABS Direct Equity Fund LLC's holdings, making the stock its 29th biggest holding.

A number of other hedge funds have also modified their holdings of MNSO. Victory Capital Management Inc. boosted its position in MINISO Group by 24.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,193,474 shares of the company's stock worth $24,347,000 after acquiring an additional 230,769 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of MINISO Group by 11.7% during the 4th quarter. Van ECK Associates Corp now owns 615,473 shares of the company's stock worth $12,556,000 after purchasing an additional 64,373 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of MINISO Group by 51.4% in the fourth quarter. Russell Investments Group Ltd. now owns 602,983 shares of the company's stock valued at $12,277,000 after purchasing an additional 204,783 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of MINISO Group in the fourth quarter valued at approximately $206,000. Finally, SG Americas Securities LLC lifted its position in MINISO Group by 19.9% during the fourth quarter. SG Americas Securities LLC now owns 28,632 shares of the company's stock worth $584,000 after buying an additional 4,745 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Down 0.7 %

NYSE:MNSO traded down $0.18 on Friday, hitting $24.02. The stock had a trading volume of 1,358,453 shares, compared to its average volume of 1,370,183. The company has a fifty day moving average price of $20.47 and a two-hundred day moving average price of $21.23. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.00 and a beta of 0.23. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. MINISO Group Holding Limited has a 1-year low of $14.46 and a 1-year high of $29.92.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 EPS for the quarter. The company 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%. Equities research analysts expect that MINISO Group Holding Limited will post 1.24 earnings per share for the current fiscal year.

MINISO Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on MINISO Group in a report on Tuesday, April 30th. 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.