Connor Clark & Lunn Investment Management Ltd. boosted its position in Tuya Inc. (NYSE:TUYA - Free Report) by 141.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,530,291 shares of the company's stock after acquiring an additional 896,605 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.29% of Tuya worth $2,739,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TUYA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Tuya by 60.7% in 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 valued at $578,000 after acquiring an additional 132,200 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Tuya in the third quarter valued at about $116,000. Paloma Partners Management Co bought a new position in Tuya in the third quarter valued at about $73,000. Centiva Capital LP bought a new position in Tuya during the third quarter worth about $63,000. Finally, Quadrature Capital Ltd bought a new position in Tuya during the third quarter worth about $92,000. Institutional investors own 11.47% of the company's stock.
Tuya Stock Performance
TUYA traded down $0.09 during midday trading on Friday, reaching $3.48. 2,017,183 shares of the company were exchanged, compared to its average volume of 1,418,571. Tuya Inc. has a one year low of $1.28 and a one year high of $4.63. The stock has a market capitalization of $1.88 billion, a P/E ratio of -116.13 and a beta of 0.39. The stock's 50-day simple moving average is $3.01 and its 200 day simple moving average is $2.11.
Tuya (NYSE:TUYA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The company had revenue of $82.06 million for the quarter, compared to the consensus estimate of $81.40 million.
Tuya Announces Dividend
The business also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya's dividend payout ratio (DPR) is currently 400.00%.
Tuya Company Profile
(
Free Report)
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.
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