Pinpoint Asset Management Ltd Sells 63,707 Shares of RLX Technology Inc. (NYSE:RLX)

Pinpoint Asset Management Ltd lessened its holdings in RLX Technology Inc. (NYSE:RLX) by 19.9% during the third quarter, HoldingsChannel.com reports. The firm owned 256,432 shares of the company’s stock after selling 63,707 shares during the period. Pinpoint Asset Management Ltd’s holdings in RLX Technology were worth $464,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of 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 purchasing an additional 10,596 shares in the last quarter. Centiva Capital LP acquired a new position in RLX Technology during the third quarter worth $29,000. Blue Trust Inc. raised its position in RLX Technology by 284.8% during the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after acquiring an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new stake in RLX Technology in the second quarter valued at $72,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of RLX Technology in the 3rd quarter valued at about $108,000. Institutional investors and hedge funds own 22.68% of the company’s stock.

RLX Technology Stock Performance

Shares of RLX stock opened at $1.88 on Wednesday. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.25. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 47.01 and a beta of 1.03. The firm’s 50-day moving average is $1.73 and its 200-day moving average is $1.76.

RLX Technology Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.01 dividend. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 0.59%.

RLX Technology Company 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.