Catalina Capital Group LLC Takes $63,000 Position in RLX Technology Inc. (NYSE:RLX)

Catalina Capital Group LLC acquired a new position in RLX Technology Inc. (NYSE:RLX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 29,350 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds have also bought and sold shares of the business. Centiva Capital LP purchased a new stake in shares of RLX Technology during the 3rd quarter valued at about $29,000. Janney Montgomery Scott LLC bought a new stake in RLX Technology in the 4th quarter worth approximately $31,000. Blue Trust Inc. raised its stake in RLX Technology by 284.8% during the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after buying an additional 26,220 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of RLX Technology during the 3rd quarter valued at $108,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of RLX Technology during the 3rd quarter valued at $118,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Price Performance

Shares of RLX opened at $2.26 on Wednesday. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.37. The business has a fifty day moving average of $2.09 and a 200 day moving average of $1.83. The firm has a market capitalization of $3.54 billion, a P/E ratio of 56.39 and a beta of 0.97.

RLX Technology Announces Dividend

The firm also recently announced 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 of this dividend was Friday, December 6th. This represents a yield of 0.59%. RLX Technology’s dividend payout ratio is currently 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.