EntryPoint Capital LLC Takes Position in Tuya Inc. (NYSE:TUYA)

EntryPoint Capital LLC purchased a new position in shares of Tuya Inc. (NYSE:TUYA) during the fourth quarter, Holdings Channel reports. The firm purchased 77,458 shares of the company’s stock, valued at approximately $139,000.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tuya by 60.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock worth $578,000 after acquiring an additional 132,200 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tuya during the 3rd quarter worth $116,000. Paloma Partners Management Co purchased a new position in Tuya during the 3rd quarter worth $73,000. Centiva Capital LP acquired a new position in Tuya in the third quarter valued at $63,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Tuya in the third quarter valued at about $92,000. Institutional investors and hedge funds own 11.47% of the company’s stock.

Tuya Stock Down 7.7 %

NYSE TUYA opened at $3.17 on Monday. The firm has a market cap of $1.71 billion, a P/E ratio of -105.50 and a beta of 0.39. Tuya Inc. has a 52-week low of $1.28 and a 52-week high of $4.63. The business’s 50-day moving average price is $3.21 and its 200 day moving average price is $2.20.

Tuya (NYSE:TUYA) last announced its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The company had revenue of $82.06 million during the quarter, compared to analysts’ expectations of $81.40 million.

Tuya Dividend Announcement

The company also recently declared a — dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0608 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya’s dividend payout ratio (DPR) is 400.00%.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.