Polunin Capital Partners Ltd Purchases Shares of 89,626 Lufax Holding Ltd (NYSE:LU)

Polunin Capital Partners Ltd acquired a new stake in shares of Lufax Holding Ltd (NYSE:LU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 89,626 shares of the company’s stock, valued at approximately $313,000. Lufax comprises approximately 0.1% of Polunin Capital Partners Ltd’s holdings, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DGS Capital Management LLC purchased a new position in Lufax during the 1st quarter worth $111,000. Diversified Trust Co bought a new stake in Lufax in the 1st quarter worth about $92,000. Sequoia Financial Advisors LLC bought a new position in shares of Lufax during the 1st quarter worth approximately $60,000. Baillie Gifford & Co. grew its holdings in shares of Lufax by 98.9% in the first quarter. Baillie Gifford & Co. now owns 12,089,786 shares of the company’s stock valued at $51,019,000 after acquiring an additional 6,012,562 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Lufax in the first quarter valued at approximately $434,000. 69.14% of the stock is owned by institutional investors.

Lufax Trading Down 1.8 %

Shares of LU stock traded down $0.05 on Friday, hitting $2.77. 2,933,779 shares of the stock were exchanged, compared to its average volume of 4,157,261. The firm’s 50 day moving average is $2.77 and its two-hundred day moving average is $3.18. Lufax Holding Ltd has a one year low of $2.00 and a one year high of $4.94. The firm has a market capitalization of $1.59 billion, a PE ratio of -19.71 and a beta of 0.85.

Lufax (NYSE:LU) last posted its earnings results on Monday, October 21st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The business had revenue of $789.93 million during the quarter. Lufax had a negative return on equity of 3.63% and a negative net margin of 12.75%. During the same period last year, the firm earned $0.04 EPS. On average, sell-side analysts expect that Lufax Holding Ltd will post -0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

LU has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $3.20 target price on shares of Lufax in a research report on Thursday. Bank of America decreased their price objective on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a report on Friday, August 23rd.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.