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

HUYA Inc. (NYSE:HUYA) saw strong trading volume on Thursday following a dividend announcement from the company. 2,014,894 shares were traded 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 paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s dividend payout ratio (DPR) is -4,900.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Daiwa America cut HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Price Performance

The stock has a 50 day moving average price of $3.72 and a two-hundred day moving average price of $3.67. The firm has a market capitalization of $726.88 million, a price-to-earnings ratio of -35.68 and a beta of 0.72.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amiral Gestion acquired a new position in HUYA during the 4th quarter worth $307,000. Formidable Asset Management LLC grew its stake in HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after purchasing an additional 7,300 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock worth $439,000 after purchasing an additional 3,545 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in HUYA during the 4th quarter worth $516,000. Finally, D. E. Shaw & Co. Inc. grew its stake in HUYA by 10.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock worth $824,000 after purchasing an additional 25,521 shares in the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Company Profile

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.