Van ECK Associates Corp Acquires 13,409 Shares of MINISO Group Holding Limited (NYSE:MNSO)

Van ECK Associates Corp boosted its holdings in shares of MINISO Group Holding Limited (NYSE:MNSO) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 543,074 shares of the company’s stock after buying an additional 13,409 shares during the period. Van ECK Associates Corp’s holdings in MINISO Group were worth $10,357,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Avalon Trust Co bought a new stake in MINISO Group during the fourth quarter valued at $26,000. Blue Trust Inc. lifted its stake in MINISO Group by 3,098.4% during the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC bought a new stake in MINISO Group during the first quarter worth about $93,000. Banque Cantonale Vaudoise bought a new stake in MINISO Group during the second quarter worth about $118,000. Finally, Bayesian Capital Management LP bought a new stake in MINISO Group during the first quarter worth about $201,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Up 0.7 %

Shares of MNSO stock opened at $16.43 on Monday. The company has a quick ratio of 1.80, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $17.01 and a two-hundred day moving average price of $19.69. MINISO Group Holding Limited has a 12-month low of $14.28 and a 12-month high of $29.92. The firm has a market cap of $5.19 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 0.61 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.19% and a net margin of 16.23%. The firm had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. Equities analysts anticipate that MINISO Group Holding Limited will post 1.21 EPS for the current fiscal year.

MINISO Group Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.274 per share. The ex-dividend date is Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is currently 36.79%.

About MINISO Group

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.