Hywin Holdings Ltd.’s (NASDAQ:HYW) Lock-Up Period Will End Tomorrow

Hywin’s (NASDAQ:HYW) lock-up period is set to end on Wednesday, September 22nd. Hywin had issued 3,000,000 shares in its public offering on March 26th. The total size of the offering was $30,000,000 based on an initial share price of $10.00. After the expiration of Hywin’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

HYW stock opened at $6.24 on Tuesday. Hywin has a fifty-two week low of $5.29 and a fifty-two week high of $11.25. The firm has a 50-day moving average price of $6.73.

Hywin (NASDAQ:HYW) last posted its earnings results on Tuesday, August 31st. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $77.78 million during the quarter.

A hedge fund recently bought a new stake in Hywin stock. Jane Street Group LLC purchased a new position in Hywin Holdings Ltd. (NASDAQ:HYW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,738 shares of the company’s stock, valued at approximately $487,000. Jane Street Group LLC owned approximately 0.18% of Hywin as of its most recent SEC filing. 0.80% of the stock is currently owned by hedge funds and other institutional investors.

About Hywin

Hywin Holdings Ltd., through its subsidiaries, provides wealth management, insurance brokerage, and asset management service in China. It offers privately raised products, including private securities investment funds; private equity and venture capital; privately raised funds of other assets; and real estate products, including traditional real estate fixed-income products, real estate securitization products, and real estate equity investments.

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