HUYA (NYSE:HUYA) Sees Strong Trading Volume After Dividend Announcement

Shares of HUYA Inc. (NYSE:HUYA) saw an uptick in trading volume on Thursday following a dividend announcement from the company. 2,014,894 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 1,508,101 shares.The stock last traded at $3.30 and had previously closed at $3.46.

The newly announced dividend which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio (DPR) is -4,900.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUYA. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Trading Up 0.0 %

The firm has a market capitalization of $726.88 million, a PE ratio of -35.68 and a beta of 0.72. The company has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $3.67.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, equities research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in HUYA by 2.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after acquiring an additional 3,545 shares during the period. Quantbot Technologies LP increased its position in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after acquiring an additional 3,685 shares during the period. Smith Anglin Financial LLC increased its position in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after acquiring an additional 4,002 shares during the period. Formidable Asset Management LLC increased its position in HUYA by 7.2% in the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock valued at $332,000 after acquiring an additional 7,300 shares during the period. Finally, Seldon Capital LP acquired a new position in HUYA in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.