Arrowstreet Capital Limited Partnership Invests $206,000 in DouYu International Holdings Limited (NASDAQ:DOYU)

Arrowstreet Capital Limited Partnership acquired a new stake in DouYu International Holdings Limited (NASDAQ:DOYU) in the fourth quarter, Holdings Channel reports. The firm acquired 18,332 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently made changes to their positions in the stock. Advisors Preferred LLC bought a new position in DouYu International during the fourth quarter worth $51,000. BNP Paribas Financial Markets boosted its holdings in DouYu International by 61.4% in the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after acquiring an additional 4,800 shares in the last quarter. State Street Corp lifted its holdings in shares of DouYu International by 78.0% in the 3rd quarter. State Street Corp now owns 29,528 shares of the company’s stock worth $320,000 after purchasing an additional 12,940 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of DouYu International during the third quarter valued at about $147,000. Finally, Sei Investments Co. bought a new stake in DouYu International during the 4th quarter worth approximately $195,000. 17.86% of the stock is currently owned by institutional investors.

DouYu International Stock Down 1.1 %

DouYu International stock opened at $6.05 on Monday. The business has a 50-day simple moving average of $9.40 and a 200 day simple moving average of $10.75. The stock has a market cap of $191.40 million, a price-to-earnings ratio of -6.88 and a beta of 0.90. DouYu International Holdings Limited has a 52 week low of $5.68 and a 52 week high of $20.17.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.18) by $1.87. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The firm had revenue of $155.65 million during the quarter, compared to analyst estimates of $1.05 billion.

DouYu International Increases Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were paid a dividend of $9.94 per share. This is a boost from DouYu International’s previous — dividend of $9.71. The ex-dividend date of this dividend was Friday, February 21st.

Analyst Ratings Changes

DOYU has been the subject of several analyst reports. Hsbc Global Res upgraded shares of DouYu International from a “moderate sell” rating to a “hold” rating in a report on Monday, March 17th. Citigroup raised DouYu International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $5.90 to $10.50 in a report on Tuesday, March 18th. Finally, HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday, March 17th.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.