Public Employees Retirement System of Ohio Takes Position in RLX Technology Inc. (NYSE:RLX)

Public Employees Retirement System of Ohio acquired a new stake in RLX Technology Inc. (NYSE:RLX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 122,363 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in the business. Centiva Capital LP bought a new stake in RLX Technology during the 3rd quarter worth approximately $29,000. Blue Trust Inc. grew its stake in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after purchasing an additional 26,220 shares during the last quarter. Profund Advisors LLC acquired a new stake in RLX Technology in the second quarter valued at $72,000. Bank of New York Mellon Corp lifted its holdings in RLX Technology by 36.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after buying an additional 10,596 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RLX Technology in the 3rd quarter valued at about $108,000. Institutional investors own 22.68% of the company’s stock.

RLX Technology Price Performance

Shares of RLX opened at $1.96 on Friday. The business has a 50-day moving average of $1.77 and a 200-day moving average of $1.76. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 49.01 and a beta of 1.03. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.19.

RLX Technology Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s payout ratio is 25.00%.

RLX Technology Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.